EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Shooting Star' on the 89 Moving Average
2019-11-11 • Updated
There's a 'Shooting Star', which has been formed on the 89 Moving Average, so the price is declining. The main intraday target is the next support at 1.1237. The subsequent pullback from this level could be a starting point for an upward correction.
There's a local bullish 'High Wave', which hasn't been confirmed yet. In this case, it's likely to have a local upward correction towards the upper 'Window' (1.1327). If a pullback from this level happens next, there'll be a moment for another decline.
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).