EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 34 MA acted as support
2019-11-11 • Updated
The 34 Moving Average has acted as support, so there's a "Hammer" pattern, which has been confirmed. So, the market is likely going to test the nearest resistance area in the short term.
The 34 & 55 Moving Averages are acting as resistance. Also, there's a "Harami", but confirmation of this pattern isn't enough. So, we could have a local bearish correction and the following bullish price movement afterwards.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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