EUR/USD: bears going to reach the nearest support

EUR/USD: bears going to reach the nearest support

2019-11-11 • Updated

EUR/USD: bears going to reach the nearest support

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.

 

EUR/USD: bears going to reach the nearest support

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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