EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD broke strong support area
2019-11-11 • Updated
- EUR/USD broke strong support area
- Next sell target - 1.1500
EUR/USD today broke through the support area lying between the support level 1.1660 (which has been reversing the price from August) and the 50% Fibonacci correction of the previous upward impulse from the middle of June. The breakout of this support area accelerated the active B-wave of the intermediate ABC correction (B) from the start of this month. EUR/USD is expected to fall to the next sell target at the next support level 1.1500.
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