EUR/USD: bulls try to deliver a new local high
There’s a correction, which is taking place on the four-hour chart. Therefore, the market is likely going to get a resistance at 1.1222 – 1.1235 in the short term. If a pullback from this area happens, there’ll be an opportunity to have another bearish movement towards a support at 1.1186 – 1.1164.
We’ve got a “Flag” pattern, so bulls are likely going to move on. The nearest target is a resistance at 1.1222 – 1.1235. If buyers be stopped here, then bears will probably try to return into the market.