EUR/USD: 'V-Top' pattern

EUR/USD: 'V-Top' pattern


There's a 'V-Top' pattern, so the price is declining. The main intraday target is the nearest support at 1.1717. A pullback from this level could be a departure point for another bullish rally towards the next resistance at 1.1829 - 1.1853.


The last 'Pennant' pushed the price lower. Previously, we had a 'Double Top' pattern. It's likely that after a short break the market is going to test another support area at 1.1749 - 1.1727.



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