EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: local 'V-Top' led to decline
2019-11-11 • Updated
There's a local 'V-Top', so the price is declining. However, the Moving Averages acted as support, so we should keep an eye on the next resistance at 1.1750 - 1.1767 as an intraday target.
We've got a 'V-Bottom', so the last downward correction might have finished. In this case, the pair is likely going to reach the closest significant resistance at 1.1744 - 1.1750.
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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