EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: developing bearish correction
2019-11-11 • Updated
There's a developing bearish correction, but the last bullish "Piercing Line" is still on the table. So, if the 34 Moving Average acts as support, there'll be a moment to have another upward price movement.
We've got a bullish "Hammer", so the market is likely going to test the closest resistance area. If any bearish pattern forms little later on, we could have another decline towards the Moving Averages.
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.