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    EUR/USD: "Pennant" boosts bulls to deliver a new high

    EUR/USD: "Pennant" boosts bulls to deliver a new high

    The price has faced a resistance at 1.1385, which brought a flat into the market. Because of there isn’t any reversal pattern, bulls are likely going to move on towards the next resistance at 1.1419 – 1.1446. If a pullback from this area happens, a downward correction becomes possible, so we should keep an eye on a support at 1.1357.

    EUR/USD: "Pennant" boosts bulls to deliver a new high

    There’s a consolidation between a support at 1.1335 and a resistance at 1.1385. Also, we’ve got a possible “Pennant” pattern, so the pair is likely going to get a resistance at 1.1419 in the short term. Then, bears will probably try to come back to the game, but only if a pullback from the resistance happens.


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