EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 34 Moving Average acted as support
2019-11-11 • Updated
The last "High Wave" led to the current upward price movement, so there's no any reversal pattern so far. In this case, the pair is likely going to continue moving up towards the nearest resistance area.
The 34 Moving Average has acted as support, so there's a "Three Methods" pattern. Therefore, the market is likely going to test the upper "Window", which could be a departure point for a local bearish correction.
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