EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Harami' on the last high
2019-11-11 • Updated
There's a 'Harami', which has been formed at the last local high. So, the market is likely going to test the next support at 1.1367, which could be a starting point for another bullish rally.
The 34 Moving Average and the lower 'Windows' are acting as support, so the pair is likely going to test the nearest resistance at 1.1425. A pullback from this level could lead to a downward price movement.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
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