EUR/USD: market come to local consolidation
There’s a consolidation above the previously broken trend. So, the market is likely going to decline towards a support at 1.1268 – 1.1233. If we see a pullback from these levels, there’ll be an opportunity to have another upward movement in the direction of a resistance at 1.1349 – 1.1381.
We’ve got a “Flag” on the one-hour chart, so the price is likely going to get a support at 1.1268 – 1.1253 during the day. However, if a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.1324 – 1.1349.