EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price going to get support on MA
2019-11-11 • Updated
There's a correction, which is taking place on the four-hours chart. Also, we've got a developing a "Three Methods" pattern, so the market is likely going to continue moving down towards the Moving Averages.
We've got a "Shooting Star", which has been confirmed. Therefore, the 34 Moving Average is likely going to act as resistance. If a pullback from this line happens, bears will have an opportunity to reach the nearest support level.
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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