EUR/USD: developing 'Triangle' pattern

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30-7-2018-EUR-H4.png

The pair is consolidating between the levels 1.1673 - 1.1654. It's likely that we're going to have a 'Triangle'. If so, the price is going to reach the next resistance at 1.1690 - 1.1720. A pullback from this area could be a departure point for a decline.

30-7-2018-EUR-H1.png

There's a bullish 'Flag'. In this case, we should keep an eye on the nearest resistance at 1.1706 - 1.1720 as an intraday target. If a pullback from these levels happens next, we could have a decline toward another support at 1.1635 - 1.1620.

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