EUR/USD: no any reversal pattern so far

EUR/USD: no any reversal pattern so far


Bulls faced with resistance at 1.1699, but there's no any reversal pattern so far, so the price is consolidating. The main intraday target is the next resistance at 1.1745 - 1.1757. A pullback from this level could lead to the bearish correction.


The last 'V-Bottom' pushed the price higher. It's likely that the pair is going to reach another resistance at 1.1745 - 1.1757. If a pullback from this level happens next, there'll be a moment for a decline towards 1.1679 - 1.1661.



Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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