EUR/USD: "V-Top" led to new low
There’s a “Double Top” pattern, which led to an achievement of the nearest support at 1.1122. Therefore, the market is likely going to reach the next support at 1.1104. However, if a pullback from this level happens, there’ll be an opportunity to have an upward movement in the direction of a resistance at 1.1165 – 1.1181.
We’ve got a “V-Top” at the local high, so the price is likely going to decline towards a support at 1.1104 during the day. At the same time, if we see a pullback from this level, bulls will probably try to get a resistance at 1.1168.