EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish "Engulfing"
2019-11-11 • Updated
We've got a bearish "Engulfing", but this pattern hasn't been confirmed enough. Therefore, the market is likely going to test the nearest support, which could be a departure point for another upward price movement.
There's a bearish "Tweezers", which has confirmation. However, we've got a bullish "Hammer", so the pair is likely going to reach the closest resistance. If a pullback from this level happens, bears will have a green light to test the 55 Moving Average.
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