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.
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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