EUR/USD:  bullish 'Engulfing' pushing price higher

EUR/USD: bullish 'Engulfing' pushing price higher

2019-11-11 • Updated


There's a bullish 'Engulfing', so the market is likely going to test the 34 Moving Average, which could act as resistance. If so, we should keep an eye on the lower 'Window' (1.1400) as the next bearish target.


We've got an 'Engulfing', which has been formed on the 55 Moving Average, so we're going to have a local correction towards 1.1471. If a pullback from this level forms next, there'll be a moment to have another bullish price movement.



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