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EUR/USD: bears wander away from bulls using the "Triple Top"

EUR/USD: bears wander away from bulls using the "Triple Top"

The price has faced a resistance at 1.1217, which led to form a “V-Top”, so the price reached a support at 1.1145 afterwards. There’s an opportunity to see an upward correction to a resistance at 1.12000. However, bears are still strong, so we’ll likely see a new low very soon.

EUR/USD: bears wander away from bulls using the "Triple Top"

There’s a “Triple Top”, which has been confirmed. Therefore, the pair achieved a support at 1.1145, which brought a possible “Double Bottom” pattern. So, the market is likely going to start a bullish correction towards a resistance area between the levels 1.1167 – 1.1200. 

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