EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "High Wave" pattern
2019-11-11 • Updated
There's a possible "High Wave" pattern, which has been formed at the last local low. However, the nearest "Window" is acting as resistance, so the 89 Moving Average is likely going to act as support. If so, there'll be an opportunity to have another bullish price movement.
The price is consolidating between the Moving Averages, so the market is likely going to test the upper "Window". If a pullback from this level happens, we could have another decline towards the lower "Window".
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