EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: market going to test nearest resistance
2019-11-11 • Updated
The price is still consolidating. Therefore, the market is likely going to test the nearest resistance at 1.1232 in the short term. If we see a pullback from this level, there'll be an opportunity to have a decline towards the 89 Moving Average.
Bears faced support on the 34 Moving Average. So, the pair is likely going to reach the next resistance at 1.1219 - 1.1227 during the day. If a pullback from this area happens, we should keep an eye on the closest support at 1.1165 - 1.1137 as an intraday target.
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