EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "V-Top" pattern led to decline
2019-11-11 • Updated
The main trend is still bullish, but there's a "V-Top" pattern, so the price is declining. The main intraday target is the nearest support at 1.2332 - 1.2296. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement towards the next resistance at 1.2384 - 1.2434.
Bears faced with support at 1.2355, so the pair is likely going to test the closest resistance at 1.2391 - 1.2415. If a pullback from these levels happens, the market will probably try to achieve another support at 1.2325 - 1.2296.
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.