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, so the price is declining. The main intraday target is the nearest support at 1.1717. A pullback from this level could be a departure point for another bullish rally towards the next resistance at 1.1829 - 1.1853.
The last 'Pennant' pushed the price lower. Previously, we had a 'Double Top' pattern. It's likely that after a short break the market is going to test another support area at 1.1749 - 1.1727.
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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