EUR/USD: "V-Top" pattern

EUR/USD: "V-Top" pattern

5-7-2017-EUR-H4.png

The consolidating between the levels 1.1365 - 1.1340. Also, we've got a "V-Top" pattern, so the market is likely going to decline towards the nearest support at 1.1307 - 1.1287. If a pullback from this area happens, there'll be an option to have an upward price movement in the direction of the next resistance at 1.1365 - 1.1398.

5-7-2017-EUR-H1.png

There's a consolidation, which is taking place near the 34 Moving Average. However, the pair is likely going to achieve the nearest support at 1.1307 - 1.1287 in the short term. Considering a possible pullback from these levels, bulls will probably try to reach the closest resistance at 1.1376 - 1.1398.

eur

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