EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Hammer' under the Moving Averages
2019-11-11 • Updated
There's a possible bullish 'Hammer' under the Moving Averages. If this pattern confirms, the market is going to reach the closest resistance at 1.1429. A pullback from this level could be a starting point for a decline towards the previously tested support at 1.1345.
We've got a bullish 'Doji', but confirmation of this pattern is quite weak. In this case, we should keep an eye on the nearest resistance at 1.1429 as an intraday target. If a pullback from this level arrives little later on, there'll be a green light for another downward price movement towards 1.1345.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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