EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Pennant" pushing price higher
2019-11-11 • Updated
The price faced resistance at 1.1287 - 1.1307, so the market is consolidating. Therefore, bulls are likely going to test the next resistance at 1.1325 in the short term. If we see a pullback from this level, there'll be an opportunity to have a decline towards support at 1.1267 - 1.1249.
There's a "Pennant" pattern, so bulls are likely going to test the closest resistance at 1.1287 - 1.1307 in the coming hours. However, if a pullback from this area happens, bears will have a chance to test the next support at 1.1278 - 1.1267.
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