EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: all Moving Averages broken
2019-11-11 • Updated
All the Moving Averages have been broken, but there's a 'V-Top' pattern, which led to the current local correction. However, the pair is likely going to continue moving up towards the next resistance at 1.1699. If a pullback from this level happens next, there'll be time for a bearish correction.
There's a 'V-Bottom', which has been formed above the Moving Averages. So, the price is likely going to test the nearest resistance at 1.1679 - 1.1689. This area could be a starting point for a decline in the direction of the closest support at 1.1627 - 1.1610.
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