EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Double Top" pushed price lower
2019-11-11 • Updated
The main trend is still bearish. There’s a “Double Top” pattern, so the price is still under the Moving Averages. Therefore, the market is likely going to decline towards a support at 1.0571, which could be a departure point for an upward correction.
The price faced a resistance at 1.0678, so we’ve got a “Triple Top” pattern. In this case, the pair is likely going to test the nearest support at 1.0578 – 1.0569. If a pullback from this area happens, bulls will probably try to achieve a resistance at 1.0594 – 1.0655.
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