EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: developing bearish pattern
2019-11-11 • Updated
There's a "V-Bottom" pattern, but the price is consolidating. Also, there's a possible developing bearish pattern. In this case, the market is likely going to test the nearest support 1.2164.
Bears faced with support at 1.2222, so the price is likely going to reach the closest resistance at 1.2294. If a pullback from this level happens little later on, the market will probably test the next support at 1.2211 - 1.2194.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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