Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish "Shooting Star"
2019-11-11 • Updated
The 55 Moving Average has acted as support, but there isn't any bullish pattern so far. So, we could have a new local low soon. If we have another pullback from the 55 MA, there'll be an opportunity to have an upward price movement.
The price is still consolidating. We've got a bearish "Shooting Star", so bears are likely going to break the last low soon. If any bullish pattern arrives later on, bulls will probably try to test the Moving Averages.
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