EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish "Flag"
2019-11-11 • Updated
The 89 Moving Average has been broken, so the price is consolidating. Therefore, the market is likely going to test the nearest support at 1.1108 - 1.1075. If a pullback from this area happens, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1108 - 1.1131.
The price is consolidating along support at 1.1131. Also, there's a bearish "Flag", so the pair is likely going to reach the closest support at 1.1108 - 1.1075. If we have a pullback from these levels, bulls will have a green light to deliver a local correction.
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