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

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

23-3-2018-EUR-H4 (1).png

The main trend is still bullish. It's likely that the pair is going to test the closest support at 1.2289 - 1.2259, which could be a departure point for another upward price movement.

23-3-2018-EUR-H1 (1).png

The price has been declining since a "V-Top" pattern formed. The main intraday target is the nearest trend line. If a pullback from this level happens, there'll be an opportunity to have a bullish price movement towards the next resistance at 1.2358 - 1.2387.



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