EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish 'Hammer' on the 34 MA
2019-11-11 • Updated
There's a bullish 'Hammer', which has been formed on the 34 Moving Average. This pattern has confirmation, so the market is likely going to test the next resistance at 1.1747 in the coming hours.
We've got a bearish 'High Wave', so the price is going to test the Moving Averages. A pullback from these lines could be a departure point for another bullish rally towards the upper 'Window" (1.1747).
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