EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Window" acted as resistance
2019-11-11 • Updated
The price reached the upper "Window", which acted as resistance, so we've got a bearish "Tweezers" pattern. Therefore, the market is likely going to decline towards the nearest support level in the short term. However, if any bullish pattern arrives afterwards, there'll be an opportunity to have another upward price movement.
We've got a bullish "Hammer", but this pattern hasn't been confirmed yet. In this case, we could have a local upward correction, but bears are likely going to deliver a new local low later on.
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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