EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Double Top" pattern
2019-11-11 • Updated
The main trend is still bullish, but there's a "Double Top" pattern, so the market is likely going to test the nearest support at 1.2384 - 1.2358. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement.
We've got a "Double Top" pattern, which has been confirmed, so the price is consolidating. The main intraday target is the closest support at 1.2408 - 1.2398. This area could be a departure point for another upward price movement.
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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