EUR/USD: 'V-Top' led to decline

EUR/USD: 'V-Top' led to decline

24-8-2018-EUR-H4.png

The price is declining because of the last 'V-Top', so the market is likely going to test the next support at 1.1529 - 1.1508. A pullback from this area could lead to another bullish price movement towards the nearest resistance at 1.1627.

24-8-2018-EUR-H1.png

The 34 Moving Average is acting as support. The main intraday target is the next support at 1.1529 - 1.1508. A pullback from this area could be a starting point for an upward price movement towards the closest resistance at 1.1600 - 1.1627.

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