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, so there's a 'Harami' pattern. In this case, the market is likely going to test the 34 MA (1.1499), which could be a starting point for an advance towards 1.1671.
There's a 'Hammer', which has been formed at the last local low. Therefore, the price is likely going to reach the nearest resistance at 1.1585. If a pullback from this level happens next, bears will probably try to test the 89 Moving Average (1.1499).
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