EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: confirmed 'Double Bottom' pattern
2019-11-11 • Updated
There's a 'Double Bottom', which has been confirmed, so the price is rising. At the same time, we've got a local 'V-Top', so we could have a local bearish correction during the day. Even so, we should keep an eye on the next resistance at 1.1767 - 1.1790 as the next bullish target.
It's likely that there's a 'Double Top' pattern, so the pair is going to test the closest support at 1.1725 - 1.1706. This area could be a starting point for an upward price movement towards another resistance at 1.1767 - 1.1790.
Intraday and swing scenarios based on price action and volume profile.
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