EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price consolidating under the 'Window'
2019-11-11 • Updated
The pair is consolidating under the 'Window'. So, the market is likely going to test the next support area, which could be a departure point for an upward price movement towards the Moving Averages.
The 34 Moving Average has acted as resistance, so there's a 'High Wave' pattern. At the same time, the pair could test the 55 MA because of the last 'Morning Star' pattern. A pullback from this line will lead to another decline.
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