EUR/USD: green light for upward correction

Information is not investment advice

There's a 'Triple Top' pattern, which pushed the price lower, so all the Moving Averages have been broken. At the same time, we've got a confirmed 'V-Bottom', which gives green light for an upward correction. In this case, we should watch the nearest important resistance at 1.1275 as the next bullish target. If a pullback from this level happens next, there'll be a moment for another decline in the direction of the previously tested support at 1.1215 - 1.1205.

Sergey Logachev

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