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    EUR/USD: the long-awaited "V-Top" pattern

    EUR/USD: the long-awaited "V-Top" pattern

    The price faced a resistance at 1.1599, so we've got a “V-Top” pattern on this line. The market started to decline afterwards and finally reached a support at 1.1494. It’s likely that the pair is going to achieve a support at 1.1431 in the short term. If a pullback appears subsequently, there'll be a chance for an upward correction.

    EUR/USD: the long-awaited "V-Top" pattern

    We’ve got a “V-Top” pattern on the one-hour chart as well, which brought bears into the market. The price is likely going to rise during the day, but it’ll probably be just a small correction. So, we should keep an eye on a resistance at 1.1453 – 1.1437 as the possible next bearish target.

     

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