EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EURUSD: "Three Methods" pattern
2019-11-11 • Updated
The 55 Moving Average has acted as support, so the last "Doji" and "Hammer" patterns led to the current upward price movement. There's no any reversal pattern, so the price is likely going to continue moving up.
There's a "Three Methods" pattern, so the price is rising. However, we could have a correction in the coming hours towards the nearest support area, which is likely going to be a departure point for another upward price movement.
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