EUR/USD: local bullish 'Thorn' pattern

EUR/USD: local bullish 'Thorn' pattern

25-7-2018-EUR-H4.png

There's a local bullish 'Thorn' pattern, so the price is consolidating. The main intraday target is the next resistance at 1.1750 - 1.1757. A pullback from this area could be a departure point for a decline towards the closest support at 1.1673 - 1.1649.

25-7-2018-EUR-H1.png

The last 'Double Top' has been confirmed, so the market is likely going to achieve the nearest support at 1.1679 - 1.1661. If a pullback from this area happens next, bulls will probably try to test another resistance at 1.1744 - 1.1750.

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