EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Harami' pattern led to decline
2019-11-11 • Updated
The pair is declining because of the last 'Harami' pattern, so we should watch the nearest support at 1.1383 as an intraday target. A pullback from this level could lead to an upward price movement towards the closest resistance at 1.1449.
We've got a bearish 'Three Methods', which has been confirmed. Also, there's no any reversal pattern so far, which means the pair is likely going to test the lower 'Window' (1.1383) shortly. If a pullback from this level happens next, there'll be a moment to have a bullish correction.
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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