Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Triple Bottom" pattern
2019-11-11 • Updated
There's a "Triple Bottom", which has been confirmed, so all the Moving Averages have been broken. The main intraday target is the next support at 1.1814, which could be a departure point for an upward price movement towards the nearest resistance at 1.1884 - 1.1919.
Bulls faced with resistance at 1.1847, so the price is consolidating. In this case, bears are likely going to reach the closest support at 1.1814 in the short term. If a pullback from this level happens little later on, we should keep an eye on another resistance at 1.1871 - 1.1890 as the next bullish target.
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