EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 144 Moving Average acted as resistance
2019-11-11 • Updated
The 144 Moving Average has acted as resistance once again, so there's a 'High Wave' pattern. Also, there's an opportunity to have a local upward correction. So, we should keep an eye on the nearest resistance at 1.1720 as a possible departure point for a decline towards the next support at 1.1602.
We've got a 'Shooting Star', which led to the current decline. In this case, the pair is likely going to test the nearest 'Window' at 1.1661. If we have a pullback from this level, there'll be a moment to have an upward correction towards the closest resistance at 1.1720.
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