EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish "Three Methods" pattern
2019-11-11 • Updated
There's a bearish "Three Methods" pattern, so we've got a new local low. At the same time, the last "Hammer" points to an opportunity to have a local upward correction. Nevertheless, if a pullback from the Moving Averages happens, bears will probably try to deliver a new local low.
We've got a bullish "Harami", which has been confirmed. In this case, the market is likely going to test the nearest resistance area, which could be a departure point for another decline.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy