Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Window' is acting as support
2019-11-11 • Updated
The Monday's 'Window' is acting as support, so it's likely to have a bullish 'Engulfing' pattern. In this case, the market is going to test the nearest resistance at 1.1363, which could be a starting point for a decline towards the next support at 1.1287.
There're bullish patterns such a 'Hammer' and an 'Engulfing'. Thus, we should keep an eye on the closest resistance at 1.1363 as an intraday target. If a pullback from this level forms next, there'll be a green light for another decline in the direction of the lower 'Window' at 1.1287.
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