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' pattern, which has been confirmed enough. In this case, we should watch the Moving Averages as a local bearish target. The subsequent pullback from these lines could lead to another bullish rally towards the next resistance at 1.1519.
We've got a 'Tweezers' pattern, which has been formed at the last local high. If we have a pullback from the closest resistance at 1.1462 in the coming hours, there'll be time for a decline in the direction of the closest support at 1.1390.
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