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.
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