EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: developing 'Triangle' pattern
2019-11-11 • Updated
The main trend is bearish, but the pair faced with support at 1.1928, so there's a consolidation, which is likely going to be a 'Triangle' pattern. If correct, we should keep an eye on the next support at 1.1915 - 1.1895 as the next intraday target.
It's likely that there's a 'Triangle' pattern, so the market is likely going to test the closest support at 1.1941 - 1.1914. A pullback from this area could be a departure point for a bullish correction towards the nearest resistance at 1.1954.
Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700
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