EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: flat above Moving Averages
2019-11-11 • Updated
The main trend is still bullish, so it's likely that the price is going to reach the next resistance area at 1.2391 - 1.2434. If a pullback from these levels happens, there'll be a moment for a decline towards the nearest support at 1.2319 - 1.2296.
The price is consolidating above the Moving Averages. The main intraday target is the closest support at 1.2319 - 1.2296, which could be a departure point for an upward price movement in the direction of the next resistance at 1.2391 - 1.2434.
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
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.