EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Engulfing' pushing the price higher
2019-11-11 • Updated
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.
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.
Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700
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After creating record highs, Wall Street's main indexes opened on Wednesday and began to edge lower, reflecting cautious sentiment among investors. They're eagerly awaiting crucial inflation data that could impact the U.S. Federal Reserve's interest rate decisions. The upcoming release of the personal consumption expenditures (PCE) price index is expected...