EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Three Methods' pushed market lower
2019-11-11 • Updated
The last 'Three Methods' pattern pushed the market lower. The price reached the 144 Moving Average, but there's no any bullish pattern so far. Thus, the price is likely going to test the next support at 1.1398, which could be a departure point for another bullish rally.
There's a bearish 'Shooting Star', which led to the current decline. It's likely that the market is going to test the nearest resistance at 1.1455. If a pullback from this level happens little later on, bears will probably try to reach the lower 'Window' (1.1398).
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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