EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Dark Cloud" pattern
2019-11-11 • Updated
The last "Dark Cloud" pattern led to the current decline. Also, the 89 Moving Average is acting as support, so the market is likely going to test the 55 MA in the short term. If a pullback from this line happens, bears will have a green light to push the price even lower.
The upper "Window" has acted as resistance, so we've got an "Engulfing" pattern on this level. At the same time, there's a bullish "Doji", so the pair is likely going to test the Moving Averages in the coming hours.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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