EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Pennant' pushed the pair higher
2019-11-11 • Updated
There's a 'V-Bottom', so the price is rising. The main intraday target is the next resistance at 1.1710 - 1.1726. A pullback from these levels could be a starting point for a decline in the direction of the closest support at 1.1623 - 1.1607.
The last 'Pennant' pushed the pair higher. However, there's a 'V-Top' pattern, so the market is likely going to test the 89 Moving Average. A pullback from this line could be a starting point for another bullish rally.
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