EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Wedge' pattern was broken
2019-11-11 • Updated
The price has been declining since the last 'Wedge' pattern was broken. It's likely that the market is going to test the next support at 1.2129 - 1.2080, which could be a departure point for a bullish correction.
Bears faced with support at 1.2154, so the pair is likely going to reach the nearest resistance at 1.2205 - 1.2223. A pullback from this area could be a departure point for another decline.
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
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.