EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'V-Top' pattern
2019-11-11 • Updated
Bulls faced with resistance at 1.2387, so we could have a local downward correction in the short term. Nevertheless, the market is likely going to test the next resistance at 1.2421 afterwards.
There's a 'V-Top' pattern, so bears are likely going to reach the nearest support at 1.2358. However, if a pullback from this level happens little later on, there'll be an opportunity to have another upward price movement.
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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