EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: main trend is still bearish
2019-11-11 • Updated
The main trend is still bearish. However, there's a 'Triple Bottom' pattern, so the market is likely going to test the nearest resistance at 1.1975 - 1.2003. A pullback from this area could be a departure point for another decline.
The 89 Moving Average has acted as resistance, so the market is consolidating. At the same time, there's a 'V-Bottom', so it's likely that the pair is going to reach the closest resistance at 1.1975 - 1.2003 soon.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy