EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: the 89 Moving Average acted as resistance
2019-11-11 • Updated
The 89 Moving Average has acted as resistance, so there're bullish patterns such a 'Doji' and an 'Engulfing'. In this case, the market is likely going to test the lower 'Window' (1.1305) within the next few hours.
All the Moving Averages have been broken because of the last 'High Wave' and 'Doji' patterns. Meanwhile, if a pullback from the lower 'Window' happens next, there'll be a moment for an upward correction towards the closest support 1.1379.
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