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 bearish 'Tower' pattern. In this case, we're likely going to have a local downward correction towards the 34 Moving Average. The following pullback from this line could lead to another upward price movement in the direction of 1.1493.
There're bearish patterns such a 'Harami' and a 'Shooting Star', which both have been confirmed. Therefore, after a short break, the pair is likely going to continue declining. The main intraday target is the 89 & 144 Moving Averages.
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