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    EUR/USD: "V-Top" points to a correction

    EUR/USD: "V-Top" points to a correction

    The price has faced a resistance at 1.1357, so we’ve got a “V-Top” pattern at the last top. Therefore, bears are likely going to reach a support at 1.1326 – 1.1292. If a pullback from this area happens, there’ll be a chance to see a bullish movement towards a resistance at 1.1419 – 1.1446.

    EUR/USD: "V-Top" points to a correction

    There’s a flat in progress, which brought two “V-Tops” in a row. So, the market is likely going to decline towards the 34 Moving Average. If this line stops bears, the pair will probably start rising again.

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