EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: developing 'Triangle' pattern
2019-11-11 • Updated
It's likely that there's a developing 'Triangle' pattern. The main intraday target is the next resistance at 1.1767 - 1.1790. A pullback from this level could be a starting point for a decline towards the nearest support at 1.1720 - 1.1690.
The last 'Flag' led to the current upward price movement. However, there's a 'V-Top', so the price is going to test the closest support at 1.1690. If a pullback from this level happens next, we could have an upward price movement towards another resistance at 1.1750 - 1.1757.
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