Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
EUR/USD: bearish "Three Methods" pattern
2019-11-11 • Updated
There's a bearish "Three Methods" pattern, so we've got a new local low. At the same time, the last "Hammer" points to an opportunity to have a local upward correction. Nevertheless, if a pullback from the Moving Averages happens, bears will probably try to deliver a new local low.
We've got a bullish "Harami", which has been confirmed. In this case, the market is likely going to test the nearest resistance area, which could be a departure point for another decline.
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
The GBP made strong moves against the US dollar and the EUR lately. What's the tactical outlook?
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
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