EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "V-Top" pattern
2019-11-11 • Updated
The price is consolidating between the levels 1.2456 - 1.2322. The main intraday target is the nearest resistance at 1.2500 - 1.2537. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the next support at 1.2358 - 1.2322.
There's a "V-Top" pattern, so the pair is likely going to test the 55 Moving Average. If a pullback from this line happens, bulls will probably try to reach another resistance at 1.2500 - 1.2537.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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