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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: confirmed "Double Bottom"
2019-11-11 • Updated
Bears faced with support at 1.1688, so we've got a "V-Bottom". In this case, the market is likely going to reach the nearest resistance at 1.1772 - 1.1793 in the coming hours. If a pullback from this area happens, we could have a decline towards the closest support at 1.1688 - 1.1661.
There's a "Double Bottom", which has been confirmed, so the price is likely going to reach the nearest resistance at 1.1772 - 1.1793 in the coming hours. If we see a pullback from these levels, there'll be an opportunity to have a downward price movement towards another support at 1.1688 - 1.1661.
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