EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'V-Top' pattern
2019-11-11 • Updated
There's a 'V-Top' pattern, which highlights an opportunity to have a local downward correction. The main intraday target is nearest support at 1.1529 - 1.1508. A pullback from this area could be a departure point for another upward price movement towards the next resistance at 1.1627.
We've got a 'Triple Top', which has been confirmed enough, so the price is declining. In this case, we should keep an eye on the closest support at 1.1540 - 1.1508 as a possible support, which could lead to another bullish really.
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
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.