Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: no any reversal pattern so far
2019-11-11 • Updated
There's still no any reversal pattern so far, so the market is likely going to test the next support at 1.1284 soon. If a pullback from this level happens next, we're going to have an upward correction towards the closest resistance at 1.1434.
The last 'Hanging Man' pushed the price lower. It's likely that bears are going to achieve the nearest support at 1.1284 within the next few hours. This level could be a departure point for a bullish correction in the direction of the 89 Moving Average.
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