EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish 'Morning Star'
2019-11-11 • Updated
There's a bullish 'Morning Star', which has been formed at the last local low. However, confirmation of this pattern is quite weak. So, if the nearest Moving Averages act as resistance, there'll be a moment for another decline towards the next support at 1.1633.
The lower 'Window' acted as support, so there's a 'Doji' pattern. The main intraday target is the closest resistance at 1.1707, which could be a departure point for a decline in the direction of the next support at 1.1633.
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.