EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Flag' pattern
2019-11-11 • Updated
The market is consolidating between the levels 1.1745 - 1.1654. Also, there's a 'Flag' pattern, so the price is likely going to test the next resistance at 1.1717 - 1.1745 in the coming hours. A pullback from this area could lead to a downward correction.
There's a local 'Pennant', so the pair is going to achieve the closest support 1.1679 - 1.1661. This area could be a departure point for a bullish price movement towards the nearest resistance at 1.1717 - 1.1745.
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