EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Inverted Hammer" pattern
2019-11-11 • Updated
There's an "Inverted Hammer", which hasn't been confirmed yet. So, the price is likely going to test the 21 Moving Average, which could be a departure point for another decline.
We've got a "Shooting Star", which has formed at the last local high. In this case, the pair is likely going to reach the nearest support area. If any bullish pattern forms little later on, there'll be a moment for an upward correction.
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