EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 144 MA acted as resistance
2019-11-11 • Updated
The 144 Moving Average has acted as resistance, so there's a bearish 'Harami', which has been confirmed. It's likely that the pair is going to test the 34 MA, which could be a starting point for another upward price movement.
There's a 'Tweezers', which has been formed at the last local low. So, the pair is likely going to test the nearest resistance at 1.1605 once again. A pullback from this level could lead to a decline towards the 89 Moving Average.
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