EUR/USD: technical analysis
The main trend on the EUR/USD pair is a still bullish. A “Double Top” pattern was formed last week and the price was going down afterwards towards a support at the 34 Simple Moving Average. In the short-term we can expect a correction to a support area between the levels 1.1145 - 1.1087, but then the market may start rising ones again towards a resistance area between the levels 1.1159 - 1.1214.
There's a “Triple Top” pattern on the one-hour chart. The price has been falling since last Thursday. A support was found at the level 1.1159, which was a good start for the upward local correction. It's likely that the market will go higher to a resistance area between the levels 1.1214 - 1.1245. Afterwards, the price could go to a new downward movement towards a support area between the levels 1.1145 - 1.1032.