EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Triple Top' led to decline
2019-11-11 • Updated
There's a 'Triple Top', which has been confirmed, so the price is declining. The main intraday target is the next support at 1.1649 - 1.1630. A pullback from this level could be a departure point for an upward correction.
All the Moving Averages have been broken. However, there's a 'V-Bottom", so the pair is consolidating. It's likely that the market is going to reach the closest resistance at 1.1720. This level could be a departure point for a decline towards another support at 1.1649 - 1.1630.
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