EUR/USD: local 'V-Top' pattern

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10-7-2018-EUR-H4.png

There's a local 'V-Top', so there's an opportunity to have a local downward correction. The main intraday target is the 89 Moving Average, which could be a departure point for another bullish rally towards the next resistance at 1.1790 - 1.1820.

10-7-2018-EUR-H1.png

We've got a 'Triple Top' pattern, which has been confirmed. Also, we've got a 'V-Bottom', so the pair is likely going to reach the closest resistance at 1.1777. If a pullback from this level happens next, there'll be a moment for a decline in the direction of the next support at 1.1690.

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