EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish "High Wave"
2019-11-11 • Updated
Bulls are still pushing the price higher, but there's a bearish "Engulfing" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the nearest support, which could be a departure point for another upward price movement.
We've got a "Shooting Star", which has been confirmed. Therefore, bears are likely going to test the 89 Moving Average. If we see a pullback from this line, there'll be an opportunity to have a new high.
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