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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish 'Three Methods' pattern
2019-11-11 • Updated
There's a bullish 'Three Methods' pattern, which has been confirmed. So, the pair is likely going to test the next resistance at 1.1478. If a pullback from this level happens little later on, bears will probably try to deliver a downward correction.
We've got a bullish 'Hammer', which has been formed above the 'Window'. Also, there's no any confirmed bearish pattern so far. Thus, the market is likely going to reach the previously tested resistance at 1.1478. This level could be a starting point for a decline towards the Moving Averages.
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