EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Double Bottom" pushed price higher
2019-11-11 • Updated
The main trend is still bullish. Also, there's a "Double Bottom" pattern, which has been confirmed. So, the market is likely going to test the nearest resistance area at 1.2383 - 1.2412 in the short term.
The last "Double Bottom" led to the current upward price movement. It's likely to have a local bearish correction during the day. The main intraday target is the next resistance at 1.2383 - 1.2396.
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