EUR/USD: 'Pennant' pushed the pair higher

EUR/USD: 'Pennant' pushed the pair higher


There's a 'V-Bottom', so the price is rising. The main intraday target is the next resistance at 1.1710 - 1.1726. A pullback from these levels could be a starting point for a decline in the direction of the closest support at 1.1623 - 1.1607.

21-6-2018-EUR-H1 (1).png

The last 'Pennant' pushed the pair higher. However, there's a 'V-Top' pattern, so the market is likely going to test the 89 Moving Average. A pullback from this line could be a starting point for another bullish rally.



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