EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 34 Moving Average acted as resistance
2019-11-11 • Updated
The 34 Moving Average has acted as resistance, so there's a confirmed bearish 'Engulfing' pattern. In this case, it's likely that the price is going to test the lower 'Window' (1.1107), which acted as support a few days ago.
There're bullish patterns such a 'Harami' and a 'Hammer', so the upper 'Window' (1.1333) is likely going to act as resistance once again. If a pullback from this level forms little later on, there'll be a green light for another decline towards 1.1214.
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