EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: pullback from nearest resistance
2019-11-11 • Updated
There's a pullback from the nearest resistance at 1.1960, so the market is likely going to test the closest support at 1.1919 - 1.1901 in the coming hours. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1960 - 1.1968.
We've got a "V-Top" pattern, so the price is likely going to test the nearest support at 1.1914. Meanwhile, if a pullback from this level forms, we could have a bullish price movement in the direction of the next resistance at 1.1960 - 1.1968.
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