EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: all Moving Averages broken
2019-11-11 • Updated
The market is still consolidating between the Moving Averages. Also, there's a bullish 'Triangle', so the pair is likely going to test the next resistance at 1.1853 - 1.1896. A pullback from this area could be a departure point for a downward correction.
All the Moving Averages have been broken, so the price is rising. Meanwhile, it's likely to have a bearish correction in the short term. In this case, we should keep an eye on the nearest support at 1.1799 - 1.1778 as a possible departure point for an upcoming bully rally.
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