EUR/USD: "Double Bottom" stopped bears
There’s a “Thorn” pattern, which led to an achievement of the nearest support at 1.1145. So, the market is likely going to reach the next support at 1.1130 – 1.1113 in the short term. If we see a pullback from this area, there’ll be an opportunity to have a bullish correction towards a resistance at 1.1196 – 1.1220.
We’ve got a consolidation between the 55 Moving Average and the closest support at 1.1145. Therefore, bulls are likely going to catch a resistance near the 89 Moving Average. However, if a pullback from this line happens, bears will probably try to reach a support at 1.1122.