EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: possible "V-Top"
2019-11-11 • Updated
The main trend is still bullish, so we should keep an eye on the next resistance at 1.2500 - 1.2537 as an intraday target. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the nearest support at 1.2456 - 1.2358.
There's a possible "V-Top", so the pair is likely going to test the closest support at 1.2398. This level could be a departure point for another upward price movement in the direction of the next resistance at 1.2500 - 1.2537.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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