EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish 'Flag'
2019-11-11 • Updated
The main trend is bearish. It's likely that the pair is going to test the next support at 1.2003 - 1.1975 in the coming hours. A pullback from this area could be a starting point for an upward correction towards the nearest resistance at 1.2017 - 1.2027.
The market is consolidating between the levels 1.2003 - 1.1975. Also, there's a bearish 'Flag', so the price is likely going to achieve another support at 1.1941 - 1.1914. If a pullback from these levels happens little later on, there'll be time for a bullish correction.
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