Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD reversed from support zone
2019-11-11 • Updated
- EUR/USD reversed from support zone
- Next buy target - 1.1270
EUR/USD recently reversed up from the support zone lying at the intersection of the support trendline of the narrow up channel from April and the upper trendline of the recently broken wide daily up channel from January. The upward reversal from this support zone created the daily Japanese candlestick reversal pattern Piercing Line.EUR/USD is expected to rise to the next buy target at the next resistance level 1.1270 (target price for the termination of the active minor impulse wave (iii)).
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