Forecast for the EUR/USD Pair

EUR/USD Analysis

The EUR/USD pair rose after rebounding from the 1.1455 support level, attempting to reach the 1.1510/20 resistance levels near the downtrend line on the 4-hour chart.

and where the pair completes the "Bat" harmonic pattern.

From there, we can begin selling the EUR/USD pair to target the 1.1400 level, where we’ll find the uptrend line on the four-hour chart.

If the pair breaks through the resistance levels and the downtrend, 1.1565 will be our next sell level for the same targets.

This scenario will fail if the pair breaks above 1.1660.