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 we've got a bearish 'Engulfing', which hasn't been confirmed yet. So, the price is likely going to test the nearest resistance at 1.1593, which could be a starting point for another decline.
There's a bearish 'Tower', which has been confirmed by the last 'Three Methods' pattern. So, the pair is likely going to test the 144 Moving Average in the coming hours. A pullback from this line could lead to another decline.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy