EUR/USD: local 'V-Top' led to decline

EUR/USD: local 'V-Top' led to decline

24-7-2018-EUR-H4.png

There's a local 'V-Top', so the price is declining. However, the Moving Averages acted as support, so we should keep an eye on the next resistance at 1.1750 - 1.1767 as an intraday target.

24-7-2018-EUR-H1.png

We've got a 'V-Bottom', so the last downward correction might have finished. In this case, the pair is likely going to reach the closest significant resistance at 1.1744 - 1.1750.

eur

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