EURUSD Chart Technical Outlook moves higher to complete the Bat pattern
EUR/USD – price action is building a bearish Bat formation. This pattern will be completed at 1.0938. We have a supply zone between 1.0930 and 1.0938. Intraday support is located at 1.0860.
Conclusion: I can see no clear indication of a change in the bullish trend. Intraday support is located at 1.0860. The completion of the Bat formation is located at 1.0938. This outlook would be invalidated on a move through the previous swing low of 1.0805.
Resistance: 1.0930 (supply), 1.0938 (BAT), 1.0981 (swing high)
Support: 1.0860 (intraday), 1.0805 (swing low) 1.0798 (bespoke)
