EUR/USD: pair consolidating under closest resistance

EUR/USD: pair consolidating under closest resistance

2201eurusdH4.png

The market is still consolidating under the closest resistance by the middle of the last red candle. Thus, it's likely that the price is going to test the lower 'Window' at 1.1327 in the coming hours. A pullback from this level could lead to the beginning of an upward correction.

2201eurusdH1.png

There's a local bullish 'Hammer', which has been confirmed. In this case, we should watch the nearest resistance at 1.1384. If a pullback from this level happens next, bears will probably try to reach another support at 1.1327.

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