EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: market to reach nearest support
2019-11-11 • Updated
There's a local 'V-Top' pattern, so the market is likely going to reach the nearest support at 1.1599 - 1.1565. If a pullback from this level happens next, there'll be a moment for an upward price movement towards another resistance at 1.1673 - 1.1720.
We've got a 'Triple Top', which pushed the price lower. The main intraday target is the closest support at 1.1586 - 1.1572. Meanwhile, a pullback from this area could be a departure point for an upward price movement towards the next resistance at 1.1661 - 1.1679.
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