EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price going to continue rising
2019-11-11 • Updated
All the Moving Averages have been broken, so the market is likely going to continue moving up in the short term. The main bullish target is the nearest resistance at 1.1892 - 1.1914. If we have a pullback from this area, bears will try to test the closest support at 1.1837 - 1.1822.
Bulls faced with resistance at 1.1889, so the price is consolidating. In this case, bears are likely going to test the nearest support at 1.1848 - 1.1831 during the day. Meanwhile, if a pullback from these levels happens little later on, we could have another bullish rally towards the next resistance.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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