Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Pennant' led to a new local high
2019-11-11 • Updated
The last 'Pennant' led to a new local high, but there's a 'V-Top', so we could have a correction soon. The main intraday target is the 89 Moving Average. If a pullback from this line happens next, there'll be a moment for another upward price movement.
We've got a 'V-Top', so there's an opportunity to have a local bearish correction. Meanwhile, if a pullback from the closest support at 1.1574 forms little later on, bulls will probably try to reach another resistance at 1.1661 - 1.1679.
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