Technical situation at EURUSD is very interesting. Since the beginning of April, price has moved in side trend between 1.1340 and 1.1430. Two attempts of crash through this consolidation failed miserably.
At second chart (time-frame D1) you can see that important resistance, which stopped bulls by 15 months is very close. There wasn’t any chance to break it fast, so current consolidation was a great idea and it could finish with success. On the other hand, bears will also strikes back near 1.1480 area. Due to this we should keep an eye on EURUSD. If price breaks 1.1340 level, wider correction will start. However if price breaks 1.1430 it will mean, that next price will reach to resistance at 1.1480.
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Time-frame M30
Time-frame D1
