EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: local bullish 'Engulfing'
2019-11-11 • Updated
There's a local bullish 'Engulfing', which has been formed at the last local high. So, the market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction.
The 55 Moving Average has acted as support once again, so we've got a 'Hammer' pattern on this line. In this case, after a short break, bulls are going to deliver a new local high.
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