EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish 'Engulfing' led to decline
2019-11-11 • Updated
The last bearish 'Engulfing' led to the current decline. Also, there's a 'Three Methods', so the market is likely going to test the next support at 1.1511. A pullback from this level could be a departure point for another upward price movement.
There's a bearish 'Harami', so the pair is going to reach the lower 'Window' (1.1609). If a pullback from this level happens little later on, bulls will probably try to reach the nearest resistance at 1.1677.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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