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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish "Triangle"
2019-11-11 • Updated
The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, there's a triangle, so the market is likely going to test the next resistance at 1.1278 - 1.1307 in the short term. If a pullback from this area happens, there'll be an opportunity to have a decline towards support at 1.1204 - 1.1171.
There's a consolidation, which is taking place along the Moving Averages. So, the pair is likely going to reach the nearest resistance at 1.1287 - 1.1307 in the coming hours. However, if we see a pullback from these levels, bears will have a chance to test the 55 Moving Average.
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