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    EUR/USD: bears lost the lead

    EUR/USD: bears lost the lead

    The price has found a support on the uptrend line, which led to the current upward movement. Moreover, there’s a “Breakaway Gap”, so the pair got a resistance at 1.1357 afterwards. Therefore, the market is likely going to decline towards a support at 1.1324 – 1.1282 in the short term. If a pullback from this area happens, there’ll be a chance to see another bullish movement.

    EUR/USD: bears lost the lead

    As we can see on the one-hour chart, bulls faced a resistance at 1.1392, which brought a “V-Top” pattern. So, bears are likely going to catch a support at 1.1324 – 1.1279. Subsequently, bulls will probably try to reverse the price movement in the direction of a resistance at 1.1396 – 1.1415.

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