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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: market going to test nearest support
2019-11-11 • Updated
The price faced resistance at 1.1425, so there's a consolidation. In this case, the market is likely going to test the nearest support at 1.1398 in the short term. If we see a pullback from this level, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1464.
The main trend is still bullish. The price is consolidating above support at 1.1425. However, bears are likely going to test the next support at 1.1398 in the coming hours. If a pullback from this level happens, bulls will probably try to reach the closest resistance at 1.1464.
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