EUR/USD: bears going to test nearest support

EUR/USD: bears going to test nearest support

2019-11-11 • Updated


Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is next resistance at 1.1879 - 1.1897. If a pullback from these levels happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1821 - 1.1787.


The price has been consolidating since a pullback from resistance at 1.1859 happened. So, bears are likely going to test the nearest support at 1.1821, which could be a departure point for an upward price movement in the direction of another resistance at 1.1879 - 1.1897.


EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

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