EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: local 'V-Bottom' pattern
2019-11-11 • Updated
Bears faced with support at 1.2186, so the price is consolidating. Even so, the market is likely going to test the nearest support at 1.2164 - 1.2154, which could be a departure point for an upward correction.
There's a 'V-Bottom' pattern, so the pair is likely going to reach the closest resistance at 1.2233 - 1.2254. However, if a pullback from this area happens little later on, bears will probably try to achieve the next support at 1.2186 - 1.2164.
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