EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 55 MA acted as support
2019-11-11 • Updated
We've got a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.
There are bearish patterns such a "High Wave" and an "Engulfing". The 55 Moving Average has acted as support, so we could have a local upward correction. However, bears are likely going to deliver a new local low afterwards.
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