EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bears going to test "Breakaway Gap"
2019-11-11 • Updated
The price is consolidating above the 55 Moving Average. Therefore, the market is likely going to decline towards support at 1.0819, which is near the last "Breakaway Gap". If a pullback from this level happens, there'll be an opportunity to have an upward price movement in the direction of resistance at 1.0851 - 1.0874.
Bears faced a support at 1.0863, so the price is consolidating. In this case, the pair is likely going to test the nearest resistance at a 1.0905. However, if we see a pullback from this level, bears will probably try to reach support at 1.0819.
Welcome to October, the tenth month of 2023. For this installment of What to Trade, I have handpicked a few of my favorite trade ideas for the month. Let’s go over a few of them.
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