Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price to test the nearest resistance
2022-12-28 • Updated
There's a bearish 'Shooting Star', but confirmation of this pattern is quite weak, so the price is likely going to test the nearest resistance at 1.1555 once again. A pullback from this level could be a starting point for another decline towards the next support at 1.1392.
We've got a 'Three Black Crows' pattern, so the pair is going to test the closest support at 1.1485. If a pullback from this level happens little later on, we should watch the nearest resistance at 1.1555 as an intraday bullish target.
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