EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price testing the 55 Moving Average
2019-11-11 • Updated
There's a 'V-Bottom', so the price is testing the 55 Moving Average. The main intraday target is the next resistance at 1.1720. A pullback from this level could be a departure point for a bearish correction towards the closest support at 1.1628 - 1.1599.
The last 'Flag' pushed the price higher. Meanwhile, if a pullback from the nearest resistance at 1.1679 - 1.1661 happens next, there'll be a moment for a downward correction in the direction for the Moving Averages.
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.