EUR/USD: last 'Pennant' pushed the pair higher

EUR/USD: last 'Pennant' pushed the pair higher

9-7-2018-EUR-H4.png

Bulls faced with resistance at 1.1777, but the market is likely going to reach the next level at 1.1820 - 1.1839. A pullback from this area could be a departure point for a downward correction towards the closest support at 1.1744 - 1.1720.

9-7-2018-EUR-H1.png

The last 'Pennant' pushed the pair higher. However, there's a 'V-Top', so the market is likely going to test the nearest support at 1.1744. If a pullback from this level happens next, there'll be a moment to have an upward price movement in the direction of another resistance at 1.1820 - 1.1839.

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