EURUSD: "Triple Bottom" pattern

EURUSD: "Triple Bottom" pattern


There's a "Triple Bottom" pattern, which has been confirmed, so we've got a new local high. The main intraday target is the next resistance at 1.2164. If a pullback from this level happens, there'll be a moment for a bearish correction towards the nearest support at 1.2129 - 1.2080.


The price has been rising since a "Triple Bottom" formed. It's likely that bulls are going to test the closest resistance at 1.2164, which could be a departure point for a downward correction.



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