EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Double Top' led to decline
2019-11-11 • Updated
There's a 'Double Top', which has been confirmed. So, the market is likely going to test the nearest support at 1.1591 - 1.1565. A pullback from this area could be a starting point for another bullish price movement towards the next resistance at 1.1612 - 1.1649.
The last 'Pennant' led to the current decline. Meanwhile, it's likely to have a correction towards the closest resistance at 1.1630 - 1.1649. The main intraday target is the nearest support at 1.1612 - 1.1590.
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