EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Tower" led to decline
2019-11-11 • Updated
There's a bearish "Shooting Star" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support level, which could be a departure point for another upward price movement.
The last bearish "Tower" pattern led to the current decline. However, there's a bullish "Hammer", so we could have a local upward correction during the day. Meanwhile, bears are likely going to deliver a new local low later on.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
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