EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'V-Top' led to decline
2019-11-11 • Updated
The price is declining because of the last 'V-Top', so the market is likely going to test the next support at 1.1529 - 1.1508. A pullback from this area could lead to another bullish price movement towards the nearest resistance at 1.1627.
The 34 Moving Average is acting as support. The main intraday target is the next support at 1.1529 - 1.1508. A pullback from this area could be a starting point for an upward price movement towards the closest resistance at 1.1600 - 1.1627.
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