EUR/USD: 'V-Bottom' pushed the market higher

EUR/USD: 'V-Bottom' pushed the market higher

16-7-2018-EUR-H4.png

There's a 'V-Bottom', which pushed the market higher. At the same time, we've got a bearish 'Thorn', so the pair is likely going to test the nearest support at 1.1649 - 1.1630. A pullback from this area could be a departure point for a bullish price movement towards the 89 Moving Average.

16-7-2018-EUR-H1.png

We've got a 'V-Top' right above the Moving Averages. In this case, there's an opportunity to have a decline in the direction of the next support at 1.1649 - 1.1630. If a pullback from these levels happens next, bulls will probably try to reach another resistance at 1.1706 - 1.1720.

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