EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Doji' at the last local low
2019-11-11 • Updated
There's a 'Doji', which has been formed at the last local low. So, after a short break, the market is likely going to reach the next resistance at 1.1796.
We've got a bearish 'High Wave', so the pair is likely going to reach the 34 Moving Average. A pullback from this line could be a departure point for another upward price movement.
The EUR/USD pair is making gains, approaching multi-month highs around 1.0960, driven by a weakened USD and Christine Lagarde's somewhat hawkish remarks before the European Parliament. Minor housing data from the U.S., specifically New Home Sales for October, came in below expectations but didn't significantly impact the pair. Lagarde, President of the...
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