Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: pair to test the next resistance
2019-11-11 • Updated
There's a 'Shooting Star', which has been formed on the 144 Moving Average. However, this pattern hasn't been confirmed yet, so the pair is likely going to test the next resistance at 1.1451. If a pullback from this level happens little later on, there'll be a green light for a decline towards the nearest support at 1.1346.
We've got a bullish 'Hammer', which has been confirmed enough. Meanwhile, it's likely that the market is going to test the high of the last 'Tweezers' pattern at 1.1379, which could act as support. If so, bulls will probably try to achieve another resistance at 1.1451.
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