EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Shooting Star' points to local decline
2019-11-11 • Updated
There's a 'Shooting Star', which hasn't been confirmed yet. So, the market is likely going to test the nearest support at 1.1557 in the coming hours. A pullback from this level could be a starting point for another bullish price movement in the direction of the next resistance at 1.1747.
We've got a bearish 'Tower' pattern, so the price is declining. Meanwhile, if a pullback from the lower 'Window' happens next, we could have a local upward correction. Even so, we should keep an eye on another support at 1.1557 as the next target.
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