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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: broken "Triangle"
2019-11-11 • Updated
Bulls have broken the last "Triangle", but price faced resistance at 1.0991, so there's a consolidation. In this case, the market is likely going to test the next resistance nears the current downtrend. If a pullback from this level happens, there'll be an opportunity to have a decline towards support at 1.0951.
The price has been consolidating since a pullback from resistance at 1.0991 formed. Also, we've got a "Flag" pattern, so the market is likely going to continue moving up during the day. If any bearish pattern arrives afterwards, bears will probably try to deliver a local downward correction.
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