EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Shooting Star" launched local correction
2019-11-11 • Updated
The price reached a resistance, so we’ve got a “Tweezers” pattern on the last high. Therefore, the market is likely going to test the nearest “Window”, which could act as a support. If a pullback from this level happens, there’ll be an opportunity to have another upward price movement.
There’s a bearish correction, which is taking place on the one-hour chart. Also, we’ve got a “Shooting Star’ and a “Three Black Crows”, so the price is likely going to continue falling down towards the lower “Window”.
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