EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish correction started
2019-11-11 • Updated
We’ve got a “Triple Bottom” pattern, so the market is likely going to test the nearest resistance between the 34 Moving Average and the level 1.0732. If a pullback from this area happens, there’ll be an opportunity to have a decline towards a support at 1.0655 – 1.0594.
The price is consolidating between the levels 1.0678 – 1.0639. Therefore, the pair is likely going to test a support at 1.0655 – 1.0639 during the day. If we see a pullback from these levels, bulls will probably try to reach the closest resistance at 1.0713 – 1.0732.
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