EUR/USD: market to test nearest support

EUR/USD: market to test nearest support

2019-11-11 • Updated


There's a 'V-Top', so the market is likely going to test the nearest support at 1.1675 in the coming hours. A pullback from this level could be a departure point for an upward price movement towards the next resistance at 1.1726 - 1.1749.


There's a 'Double Top', so the price is declining. The main intraday target is the closest support at 1.1661 - 1.1652. If a pullback from this area happens little later on, there'll be a moment for another bullish rally.


EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

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