EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'V-Top' on the 55 Moving Average
2019-11-11 • Updated
The main trend is still bearish, but the price faced with support at 1.1661, so the market is consolidating. However, there's a 'V-Top' pattern, so the pair is likely going to test the next support at 1.1636 - 1.1605, which could be a departure point for an upward correction.
We've got a 'V-Top', which has been formed on the 55 Moving Average. So, after a short break, we're likely going to have another decline in the direction of the nearest support at 1.1636 - 1.1605.
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