EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: primary trend is still bearish
2019-11-11 • Updated
The primary trend is still bearish. Also, there's a 'Flag', so the market is likely going to test the next support at 1.1762 - 1.1717. A pullback from this area could be a departure point for an upward correction.
The price is consolidating under the 34 Moving Average. The main intraday target is the nearest support at 1.1751 - 1.1717. If a pullback from this area happens little later on, bulls will probably try to test the closest resistance at 1.1779 - 1.1822.
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