Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Flag' has been broken
2019-11-11 • Updated
The pair is consolidating near the 89 Moving Average. It's likely that the market is going to test the nearest resistance at 1.2344 - 1.2358. A pullback from this area could be a departure point for a decline towards the nearest support at 1.2290.
The last 'Flag' has been broken, so the market is likely going to test the closest resistance at 1.2346 - 1.2358 in the coming hours. Meanwhile, if a pullback from this area forms little later on, there'll be a moment for a bearish price movement in the direction of another support at 1.2298 - 1.2290.
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