EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "V-Bottom" pattern
2019-11-11 • Updated
The main trend is still bullish, but the price faced with support at 1.2164, so there's a "V-Bottom" pattern. Therefore, the market is likely going to test the nearest resistance at 1.2319 - 1.2395, which could be a departure point for another decline.
We've got a "V-Bottom" pattern, so the price is rising. The main intraday target is the closest resistance at 1.2320 - 1.2346. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the next support at 1.2254 - 1.2233.
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