EUR/USD: 34 Moving Average acted as resistance
It's likely that the price is going to test the lower 'Window' (1.1107), which acted as support a few days ago...
EUR/USD: "V-Top" pattern
The trend is still bullish, but the price is consolidating. The main intraday target is the next resistance at 1.2456 - 1.2500. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the nearest support at 1.2334 - 1.2294.
The Moving Averages have acted as resistance, so there's a "V-Top" pattern. In this case, the pair is likely going to reach the closest support at 1.2384 - 1.2363 in the short term. Meanwhile, if we see a pullback from these levels, bulls will probably try to test the next resistance at 1.2482 - 1.2456.
Sergey Logachev
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We should watch the next support at 1.1117 as an intraday bearish target. This level could be a starting point for a bullish correction...
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