EUR/USD: no any reversal pattern so far

EUR/USD: no any reversal pattern so far

2019-11-11 • Updated

28-8-2018-EUR-H4.png

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.

28-8-2018-EUR-H1.png

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.

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