EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish "Hammer"
2019-11-11 • Updated
There's strong resistance by the upper "Window". At the same time, we've got a bullish "Harami" at the last low, but confirmation of this pattern is a quite weak. Therefore, the price is likely going to test the "Window" once again. If a pullback from this level happens, we could have a downward price movement towards the nearest support.
The market is consolidating. However, there's a bullish "Hammer", which has been confirmed. In this case, the price is likely going to rise towards the closest "Window" during the day. Nevertheless, bears will probably try to deliver a new local low afterwards.
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