EUR/USD: flat between "V-Top" and "V-Bottom"
The local uptrend has been broken as well as the Moving Average lines. The price found a support at 1.1271, which led to form a local “V-Bottom” pattern. However, bulls are weak, so we’ve got just a flat. The market is likely going to falling down towards the nearest support at 1.1217.
As we can see on the one-hour chart, there’s a flat in progress under the Moving Averages. Therefore, bears are likely going to deliver a new low during the day. If we see a pullback from a support at 1.1271, an upward correction becomes possible.