EUR/USD: 'Engulfing' pushing the price higher

EUR/USD: 'Engulfing' pushing the price higher

2019-11-11 • Updated

2910eurusdH4.png

There's a bullish 'Engulfing', which has been confirmed enough. So, the market is likely going to test the 34 Moving Average (1.1460), which could be a departure point for a decline toward the next support at 1.1301.

2910eurusdH1.png

We've got a bullish 'High Wave', which has been confirmed. In this case, we should keep an eye on the 144 Moving Average (1.1460) as the main intraday target. A pullback from this line could lead to another bearish rally.

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