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.
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.