EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: confirmed "Thorn" pattern
2019-11-11 • Updated
The main trend is still bullish. There's a confirmed "Thorn" pattern, so the market is likely going to test the next resistance at 1.2384 - 1.2445. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the nearest support at 1.2359 - 1.2319.
There's a consolidation, which is taking place under the Moving Averages. It's likely that the pair is going to test the closest support at 1.2301 - 1.2283, which could be a departure point for another upward price movement.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy