EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: upcoming correction
2019-11-11 • Updated
The market is consolidating. If any bearish pattern arrives in the coming hours, we could have a downward correction towards the nearest support at 1.0851. If a pullback from this level happens, there’ll be an opportunity to have another bullish price movement towards the next resistance at 1.0918 – 1.0933.
The 55 Moving Average is acting as a support. However, there’s a possible developing reversal pattern. In this case, bears are likely going to test an area between the 89 Moving Average and the nearest support at 1.0851. If we see a pullback from these levels, bulls will probably try to reach a resistance at 1.0918 – 1.0933.
Similar
What happened? It looks like the decline in EUR/CHF to 1…
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
Latest news
The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to 3%.
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
Bearish scenario: Sales below 80.00 with TP1: 79.60... Anticipated bullish scenario: Intraday purchases above 80.70 with TP: 81.50...