EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish "High Wave"
2019-11-11 • Updated
The 34 Moving Average has acted as support, so we've got a "Hammer", but this pattern hasn't been confirmed yet. So, we could have a local downward correction in the short term. Meanwhile, bulls are likely going to test the nearest resistance afterwards.
We've got a bearish "High Wave", but this pattern remains unconfirmed. In this case, the market is likely going to test the closest support, which could be a departure point for another upward price movement.
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.