EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bulls going test next resistance
2019-11-11 • Updated
The price is consolidating under resistance at 1.1679. However, bulls are likely going to test the next resistance at 1.1712. If we have a pullback from this level, there'll be an opportunity to have a downward correction towards the nearest support at 1.1615.
Bulls faced resistance at 1.1679, which pushed the price lower. So, we should keep an eye on the closest support at 1.1654 as an intraday bearish target. Nevertheless, the market is likely going to reach another resistance at 1.1712 afterwards.
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