EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
USD/JPY: upper 'Window' acted as resistance
2019-11-11 • Updated
The upper 'Window' has acted as resistance, so there's a 'Shooting Star' pattern. In this case, the pair is likely going to test the 34 Moving Average, which could be a departure point for another bullish rally.
The last 'Harami' led to the current decline. It's likely that the pair is going to test the nearest 'Window'. If it acts as support, there'll be a moment to have a new local high.
The EUR/USD pair is making gains, approaching multi-month highs around 1.0960, driven by a weakened USD and Christine Lagarde's somewhat hawkish remarks before the European Parliament. Minor housing data from the U.S., specifically New Home Sales for October, came in below expectations but didn't significantly impact the pair. Lagarde, President of the...
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