Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Shooting Star' pattern
2019-11-11 • Updated
There's a confirmed 'Shooting Star', so the market is likely going to test the nearest resistance at 1.1521. A pullback from this level could be a starting point for a decline towards the next support at 1.1400.
The 34 Moving Average has acted as resistance, so we've got a bearish 'Shooting Star'. In this case, after a short break, the pair is likely going to achieve the lower 'Window' (1.1400).
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