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

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

20-4-2018-EUR-H4.png

The price has been declining since the last 'V-Top' pattern formed. Meanwhile, if a pullback from the nearest support area happens little later on, there'll be an opportunity to have a bullish price movement.

20-4-2018-EUR-H1.png

The last 'Pennant' pattern has been broken, so the price is declining. It's likely that the pair is going to continue moving down in the direction of the nearest support levels in the short term.

eur

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