EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EURUSD: "V-Top" pattern
2019-11-11 • Updated
Bulls faced with resistance at 1.2033, so there's a "V-Top" pattern. The main intraday target is the next support at 1.1884 - 1.1875. If a pullback from this area happens little later on, there'll be a moment to have an upward price movement towards another resistance at 1.1975 - 1.2003.
All the Moving Averages have been broken, so the price is consolidating. It's likely that the market is going to reach the 89 Moving Average in the short term. If a pullback from this line happens, bears will probably try to achieve the nearest support at 1.1890 - 1.1871.
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