EUR/USD: pullback from nearest resistance

EUR/USD: pullback from nearest resistance

29-12-2017-EUR-H4.png

There's a pullback from the nearest resistance at 1.1960, so the market is likely going to test the closest support at 1.1919 - 1.1901 in the coming hours. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1960 - 1.1968.

29-12-2017-EUR-H1.png

We've got a "V-Top" pattern, so the price is likely going to test the nearest support at 1.1914. Meanwhile, if a pullback from this level forms, we could have a bullish price movement in the direction of the next resistance at 1.1960 - 1.1968.

eur

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