EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Shooting Star' led to a new low
2019-11-11 • Updated
The last 'Shooting Star' led to a new local low. There's no any reversal pattern so far, which means the pair is likely going to reach the lower 'Window' (1.1288). A pullback from this level could be a departure point for an upward correction towards the 34 Moving Average.
There's a local bullish 'Doji', but confirmation of this pattern is quite weak. So, we should watch the nearest resistance at 1.1369 as an intraday target. If a pullback from this level happens next, there'll be time for another decline in the direction of the nearest support at 1.1288.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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