EUR/USD: bears going to test nearest support

EUR/USD: bears going to test nearest support

19-6-2017-EUR-H4.png

We've got a "Double Bottom", so the price tested resistance at 1.1204. Therefore, bears are likely going to test the nearest support at 1.1131 - 1.1108 in the short term. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1165.

19-6-2017-EUR-H1.png

There's a "Triple Top", which has been confirmed. In this case, the market is likely going to achieve the closest support at 1.1137 - 1.1131 during the day. If we have a pullback from these levels, bulls will have an option to reach resistance at 1.1165 - 1.1178.

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EUR/USD: "V-Top" pattern

The 34 MA has acted as support, so the price is consolidating. Meanwhile, the pair is likely going to test the closest resistance.

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