Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: confirmed 'Double Bottom' pattern
2019-11-11 • Updated
The main trend is still bearish, but there's a 'Double Bottom' pattern, so the pair is likely going to test the nearest resistance at 1.1661 - 1.1717. A pullback from this area could be a departure point for another decline.
We've got a 'Double Bottom', which has been confirmed, so the market is rising. It's likely that the price is going to test the closest resistance at 1.1699 - 1.1717 in the coming hours. If a pullback from these levels forms little later on, bears will probably try to deliver a new local low.
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