EUR/USD: "V-Top" pattern

EUR/USD: "V-Top" pattern


The main trend is still bullish. Also, there's a "Double Bottom", which has been confirmed, so the price is rising. It's likely that the market is going to test the next resistance area at 1.2384 - 1.2412, which could be a departure point for a decline.


All the Moving Averages have been broken. However, there's a "V-Top" pattern, so the pair is likely going to test the nearest support at 1.2313. If a pullback from this level happens little later on, bulls will probably try to achieve another resistance at 1.2384 - 1.2415.



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