EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: market is consolidating
2019-11-11 • Updated
Bulls faced with resistance at 1.1675, so the market is consolidating. The main intraday target is the next resistance at 1.1710. A pullback from this level could be a departure point for another decline towards the nearest support at 1.1623 - 1.1607.
The pair is consolidating between the levels 1.1661 - 1.1679. Also, there's a possible 'Pennant' pattern. Therefore, we should keep an eye on the closest resistance at 1.1710 - 1.1726 as the next bullish goal.
Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700
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