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 34 Moving Average acted as support, so there's a bullish 'Hammer' pattern, which has been confirmed. At the same time, we've got a 'Shooting Star', so the market is likely going to test the Moving Averages soon. If a pullback from these lines happens next, bulls will probably try to reach the nearest resistance at 1.1836.
There's a 'Shooting Star', which has been formed on the upper 'Window'. So, after a short break, the pair is likely going to test the closest support at 1.1739. A pullback from this level could be a starting point for an upward price movement in the direction of the next resistance at 1.1836.
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