EUR/USD: "Pennant" brings bears through the new low
There’s a “Thorn” pattern, which led to the current local correction. Therefore, we’ve got a possible “Pennant” pattern, so the market is likely going to reach a support at 1.1145. If a pullback from this level happens, there’ll be a chance to see another upward correction.
As we can see in the one-hour chart, the last price movement could turn out like a “Pennant”. So, the lower side of this pattern is likely going to be broken soon. Thereby, we should look closely at a support at 1.1145, because bears will probably train off on this level.