EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: no any reversal pattern
2019-11-11 • Updated
The market has been declining since a 'Wedge' pattern was broken. There's no any reversal pattern, so the price is likely going to continue moving lower. At the same time, there's an opportunity to have an upward correction little later on.
The pair has broken the last 'Pennant' pattern. The main intraday target is the next support at 1.2051 - 1.2027. A pullback from this area could be a departure point for an upward correction.
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