EUR/USD: local 'V-Top' pattern

EUR/USD: local 'V-Top' pattern

2019-11-11 • Updated

8-8-2018-EUR-H4.png

There's a local 'V-Top' pattern, so the market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508. A pullback from this level could be a departure point for an upward correction.

8-8-2018-EUR-H1.png

The pair is declining because of the last 'Double Top'. In this case, the price is likely going to achieve the nearest significant support at 1.1526 - 1.1518. If we have a pullback from this level next, there'll be a green light for a bullish correction towards the closest resistance at 1.1548 - 1.1574.

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