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 main trend is bearish. It's likely that the market is going to test the next support at 1.1928 - 1.1915. A pullback from this area could be a departure point for an upward correction.
The 34 Moving Average has acted as resistance. In this case, we should keep an eye on the nearest support at 1.1941 - 1.1914 as an intraday target. If we have a pullback from this area, there'll be a moment to have a correction.
Intraday and swing scenarios based on price action and volume profile.
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