EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 89 Moving Average acting as resistance
2019-11-11 • Updated
The 89 Moving Average is acting as resistance, so there's a bullish 'Three Methods' pattern. In this case, we should keep an eye on 144 Moving Average as the next intraday target. The following pullback from this line could be a departure point for a decline towards 1.1301.
There's a 'Morning Star' pattern, which has been formed on the lower 'Window'. At the same time, we've got a bearish 'Harami', so the price is likely going to test the 'Window' once again. Meanwhile, if a pullback from this level happens next, bulls will probably try to test another resistance at 1.1469.
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