EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bears stopped by "Window"
2019-11-11 • Updated
The lower “Window” has acted as a support, so we’ve got a “Hammer” pattern, but its confirmation is a quite weak. Also, there’s a bearish “Doji” on the 144 Moving Average. Therefore, bears are likely going to test the nearest support, which could be a departure point for another upward price movement towards the 89 Moving Average.
We’ve got a “Shooting Star”, which has been formed on the 34 Moving Average. However, this pattern has a weak confirmation. Nevertheless, the market is likely going to test the closest support during the day. If a pullback from this level happens, there’ll be an opportunity to have a new local high.
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.