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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 144 MA acted as resistance again
2019-11-11 • Updated
The 144 Moving Average has acted as resistance once again, so there's a 'Harami' pattern, which has been confirmed. However, if a pullback from the closest support at 1.1550 happens next, there'll be a moment for a decline towards the next resistance at 1.1649.
The 34 Moving Average is acting as support. Also, we've got a bearish 'Harami', which has confirmation. So, the market is likely going to test the lower 'Window' (1.1550), which could be a starting point for a bullish price movement in the direction of another resistance at 1.1649.
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