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 has been declining since the last 'V-Top' pattern formed. Meanwhile, if a pullback from the nearest support area happens little later on, there'll be an opportunity to have a bullish price movement.
The last 'Pennant' pattern has been broken, so the price is declining. It's likely that the pair is going to continue moving down in the direction of the nearest support levels in the short term.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy