EUR/USD: "Thorn" pattern

EUR/USD: "Thorn" pattern


The 34 Moving Average has acted as support, so the price is consolidating. Therefore, the market is likely going to reach the nearest resistance area at 1.1909 - 1.1919, which could be a departure point for a decline.


There's a "Thorn" pattern, so the price is consolidating. It's likely that bears are going to achieve the closest support at 1.1836 - 1.1821. If a pullback from this area happens, we could have just another upward price movement.



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