
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
2021-11-11 • Updated
EUR/CAD recently reversed down from the resistance zone lying between the resistance level 1.4600 (which was set as the buy target in our earlier forecast for this currency pair), upper daily Bollinger Band and the 51% Fibonacci correction of the sharp downward impulse wave (1) from last November. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
EUR/CAD is expected to fall to the next sell target at the support level 1.4240 (low of the pervious B-wave) – the breakout of which can lead to further losses toward 1.4160.
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
What happened? It looks like the decline in EUR/CHF to 1…
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
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