EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: pair to test the 34 Moving Average
2019-11-11 • Updated
There're bullish patterns such a 'Tweezers', a 'Doji" and an 'Engulfing', which all have been confirmed. So, the pair is likely going to test the 34 Moving Average. The following pullback from this line will lead to a decline towards another support at 1.1400.
The last bullish 'Harami' and 'Tweezers' patterns set up an upward correction. Meanwhile, there's a bearish 'Harami' as well, so we should keep an eye on the nearest support at 1.1473 as a possible departure point for a bullish rally in the direction of the next resistance at 1.1566.
Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700
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