EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish "High Wave"
2019-11-11 • Updated
The price has reached the lower “Window”, so we’ve got a “High Wave”, but confirmation of this pattern is a quite weak. Therefore, the “Window” is likely going to act as support once again in the short term.
There’s a bullish “Engulfing” pattern at the last low. However, we’ve got a bearish “Harami” on the 34 Moving Average, but this pattern hasn’t been confirmed yet. In this case, bulls are likely going to test the nearest resistance in the coming hours.
The stock market has reversed, and now it’s going lower and lower…
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