EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish patterns
2019-11-11 • Updated
We’ve got bearish patterns such a “Tweezers”, a “Shooting Star” and a “Tower”. The last of these patterns hasn’t been confirmed yet, so the market is likely going to test the 21 Moving Average. If a pullback from this line happens, bulls will have an opportunity to test the nearest resistance once again.
The 34 Moving Average is acting as a strong support. Also, there’s a “Tweezers” pattern, which has been confirmed enough. Therefore, the price is likely going to continue moving down until any bullish pattern arrives.
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