EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bears going to reach the nearest support
2019-11-11 • Updated
We’ve got a “V-Top”, so the price reached a support at 1.0797. Meanwhile, the market is likely going to continue falling down towards the next support at 1.0774. If a pullback from this level happens, there’ll be an opportunity to have a local bullish correction.
There’s a bearish “Flag” pattern, so the pair is likely going to test the nearest support at 1.0774 during the day. However, if the price stops at this level, bulls will probably try to achieve a resistance at 1.0850.
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