EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish "Flag"
2019-11-11 • Updated
Bulls faced resistance at 1.1425, so the price is consolidating. In this case, the market is likely going to test the nearest support at 1.1389 - 1.1387. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next support at 1.1443 - 1.1464.
The price is consolidating under resistance at 1.1425. Also, there's a "Flag", so bears are likely going to reach the closest support at 1.1387. However, if we see a pullback from this level, bulls will probably try to achieve the next resistance at 1.1443 - 1.1464.
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