EUR/USD: local 'V-Top' pattern

EUR/USD: local 'V-Top' pattern


There's a local 'V-Top' pattern, so the market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508. A pullback from this level could be a departure point for an upward correction.


The pair is declining because of the last 'Double Top'. In this case, the price is likely going to achieve the nearest significant support at 1.1526 - 1.1518. If we have a pullback from this level next, there'll be a green light for a bullish correction towards the closest resistance at 1.1548 - 1.1574.



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