EUR/USD: consolidation going to move on
There’s a consolidation, which is taking place on the four-hours chart. Also, we’ve got a “Triangle” pattern, so the market is likely going to decline towards a support at 1.1181 – 1.1165. If a pullback from this area happens, there’ll be an opportunity to have an upward movement in the direction of a resistance at 1.1228.
The price has broken the Moving Averages, so bears are likely going to get a support at 1.1180 in the short term. At the same time, bulls will probably try to achieve a resistance at 1.1228 afterwards.