EUR/USD: bearish correction is coming soon

EUR/USD: bearish correction is coming soon

2019-11-11 • Updated

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There's a bullish 'Three Methods' pattern, so the pair is likely going to test the next resistance at 1.1815. A pullback from this level could be a starting point for a downward correction towards the nearest support at 1.1717.

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It's likely to have a bearish correction in the coming hours. The main intraday target is the lower 'Window' (1.1741), which could act as support. If so, bulls are going to reach another resistance at 1.1815.


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