EURUSD BULLISH ENGULFING CANDLE
We spoke earlier this week about the potential of EURUSD moving higher as FED Chair Powell tries to play down the rate of which they will hike interest rates in 2019.
Technically the 1.1300 support has held and price formed a bullish engulfing candle on the daily chart. This is a strong indication that price could move higher towards the next resistance of 1.1780.
Technically the 1.1300 support has held and price formed a bullish engulfing candle on the daily chart. This is a strong indication that price could move higher towards the next resistance of 1.1780.
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