EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price declining because of last 'Triple Top'
2019-11-11 • Updated
There's a 'Triple Top', which has been confirmed by the last 'Flag' pattern, so the price is declining. It's likely that the market is going to test the next support at 1.1616 - 1.1590 in the short term. A pullback from this area could be a departure point for a bullish price movement.
The price is declining because of the last 'Triple Top'. Meanwhile, it's likely to have a local upward correction soon. So, we should keep an eye on the nearest resistance at 1.1661 - 1.1679 as an intraday bullish target. If a pullback from these levels happens little later on, it'll be a moment for another decline.
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