EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "V-Bottom" pushed price higher
2019-11-11 • Updated
The main trend is still bullish, so we've got a "V-Bottom" pattern, which pushed the price higher. So, the market is likely going to continue rising towards the next resistance at 1.2021 - 1.2033. If a pullback from this area happens, we could have a decline towards the nearest support at 1.1925 - 1.1909.
We've got a "Triple Bottom", which has been confirmed, but bulls faced with resistance at 1.1968. In this case, the price is likely going to test the closest support at 1.1941 - 1.1934. However, if we have a pullback from these levels, bulls will try to achieve another resistance at 1.2021 - 1.2033.
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