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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Thorn' pushed price lower
2019-11-11 • Updated
There's a 'Thorn' pattern, which pushed the price lower. It's likely, that the market is going to test the nearest support at 1.1491. A pullback from this level could be a departure point for an upward price movement towards the Moving Averages.
The price is declining because of the last 'V-Top' pattern. Meanwhile, if a pullback from the closest support at 1.1552 happens next, bulls will probably try to reach the next resistance at 1.1574 - 1.1594. This area could be a starting point for another decline.
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