EUR/USD: 'V-Top' pattern

EUR/USD: 'V-Top' pattern


There's a 'V-Top' pattern, so the market is likely going to test the 89 Moving Average in the short term. A pullback from this line could be a departure point for an upward price movement towards the next resistance at 1.2358 - 1.2377.


We've got a 'Triple Top', so we should keep an eye on the 89 Moving Average as an intraday target. Meanwhile, if a pullback from this line happens little later on, bulls will probably try to test the nearest resistance area between the levels 1.2358 - 1.2377.



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