EUR/USD: bulls have broken the channel and ready to move on
The price has been rising dramatically fact since a “Triple Bottom” arrived. Bulls faced a resistance at 1.1357 afterwards, which led to form a local “V-Top”. So, the market is likely going to get a support at 1.1292. If we see a pullback from this level, there’ll be a chance to have a new high shortly.
As we can see on the one-hour chart, we’ve got a “V-Top” pattern on a resistance at 1.1385. It’s likely that the pair is going to decline during the day. If the price gets a support at 1.1297, bulls will likely try to return into the market.