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
The last bearish 'Harami' led to form a new local low. At the same time, it's likely to have a local upward correction within the next few hours. So, we should keep on track the nearest resistance at 1.1437 as a possible departure point for another decline towards 1.1336.
There's still no any reversal pattern so far. However, if a pullback from the closest support at 1.1370 happens next, there'll be time for a bullish correction. In this case, the price could test the nearest important resistance at 1.1437.
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).