EUR/USD: market plunged because of 'V-Top'

EUR/USD: market plunged because of 'V-Top'

15-6-2018-EUR-H4 (1).png

The market has plunged because of the last 'V-Top' pattern. However, it's likely to have a correction during the day. Even so, the price is going to continue declining afterwards, so we should keep an eye on the next support at 1.1553 - 1.1509 as an intraday target.

15-6-2018-EUR-H1 (1).png

There's a 'V-Bottom', so we're likely going to have an upward correction. However, if a pullback from the nearest resistance at 1.1623 - 1.1652 happens little later on, there'll be a green light for another decline.



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