
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
2019-11-11 • Updated
Bulls faced with resistance at 1.1994, so we've got a "V-Bottom" pattern, which pushed the price to the 34 Moving Average. Therefore, the market is likely going to decline towards the nearest support area at 1.1909 - 1.1892. If we have a pullback from these levels, bulls will probably try to test the closest resistance at 1.2029 - 1.2042.
The price is consolidating under resistance at 1.1949. So, the pair is likely going to reach the next support at 1.1907 - 1.1892 in the short term. Meanwhile, if a pullback from this area arrives little later on, there'll be an opportunity to have an upward price movement in the direction of the nearest resistance at 1.1975 - 1.2003.
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
What happened? It looks like the decline in EUR/CHF to 1…
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
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