EUR/USD: developing "Rising Wedge"

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15-6-2017-EUR-H4.png

The price is consolidating above the lower side of the developing "Rising Wedge". So, bears are likely going to reach the nearest support at 1.1204 - 1.1165 in the short term. If we see a pullback from this area, there'll be an opportunity to have another upward price movement towards resistance at 1.1232 - 1.1249.

15-6-2017-EUR-H1.png

We've got a "Double Top", which has been confirmed, so the price is consolidating. Also, there's a "Flag" pattern, so the market is likely going to achieve the closest support at 1.1178 - 1.1165. If a pullback from this area happens, bulls will have an option to reach the Moving Averages.

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