EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish 'Harami' on the 34 Moving Average
2019-11-11 • Updated
There's a bullish 'Harami', which has been formed on the 34 Moving Average. So, the market is likely going to test the next resistance at 1.1862, which could be a starting point for a downward correction.
We've got a bearish 'Doji', which hasn't been confirmed yet. In this case, the pair is likely going to test the 55 Moving Average (1.1772), which could act as support. If so, there'll be a green light to have another upward price movement towards the next resistance at 1.1836.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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