EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: market has plunged
2019-11-11 • Updated
The market has plunged. Bears faced support at 1.1425, so there's an opportunity to have an upward correction. The main intraday target is the nearest resistance at 1.1478 - 1.1508. This area could be a departure point for another decline.
There's a 'V-Bottom', so the price is likely going to test the closest resistance at 1.1478 - 1.1508 shortly. If a pullback from these levels happens next, we should keep an eye on the next support at 1.1425 - 1.1365 as a bearish target.
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