Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Tower' pushed pair higher
2019-11-11 • Updated
The last 'Tower', which has been formed on the 34 Moving Average, pushed the pair higher. There's no any reversal pattern so far, which means the market is going to test the upper 'Window' (1.1874).
The price has fixated above the 'Window', but there's a 'Hanging Man' pattern, so the market is likely going to test the nearest support at 1.1801. A pullback from this level could be a departure point for another bullish rally.
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