EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: local 'V-Top' pattern
2019-11-11 • Updated
There's a local 'V-Top' pattern, so the market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508. A pullback from this level could be a departure point for an upward correction.
The pair is declining because of the last 'Double Top'. In this case, the price is likely going to achieve the nearest significant support at 1.1526 - 1.1518. If we have a pullback from this level next, there'll be a green light for a bullish correction towards the closest resistance at 1.1548 - 1.1574.
Similar
What happened? It looks like the decline in EUR/CHF to 1…
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
Latest news
The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to 3%.
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
Bearish scenario: Sales below 80.00 with TP1: 79.60... Anticipated bullish scenario: Intraday purchases above 80.70 with TP: 81.50...