EUR/USD: local 'V-Top' pattern

EUR/USD: local 'V-Top' pattern

11-6-2018-EUR-H4 (1).png

There's a 'V-Bottom' pattern, which has been formed on the 34 Moving Average. So, after a short break, the market is likely going to reach the nearest resistance at 1.1829 - 1.1853.

11-6-2018-EUR-H1 (1).png

We've got a local 'V-Top' pattern, so the pair is likely going to test the Moving Averages shortly. Meanwhile, if a pullback from these lines happens little later on, there'll be a moment to have an upward price movement towards the next resistance at 1.1829 - 1.1853.



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