EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price going to test nearest support
2019-11-11 • Updated
Bulls faced with resistance at 1.1949, so the market is likely going to test the nearest support area at 1.1909 - 1.1879. If a pullback from this area happens, we could have another upward price movement towards the next resistance at 1.1975 - 1.2003.
The price is consolidating between the levels 1.1914 1.1941. It's likely that the pair is going to achieve the closest support at 1.1897 - 1.1879. However, if we have a pullback from these levels, we should keep an eye on another resistance at 1.1979 - 1.2003 as the next bullish target.
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.