EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Shooting Star" pushing price lower
2019-11-11 • Updated
The last “Tweezers” pattern has been confirmed, so the price is declining. Also, there’s a bearish “Three Methods” pattern. Therefore, the market is likely going to get a support on the nearest Moving Averages.
We’ve got a confirmed “Shooting Star”, but the price formed a pullback from the closest support. In this case, we could have a local correction during the day. Meanwhile, bears are likely going to continue pushing the market lower afterwards.
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