EUR/USD: bearish 'Tweezers' and 'Engulfing'

EUR/USD: bearish 'Tweezers' and 'Engulfing'

2019-11-11 • Updated


There're bearish patterns such a 'Tweezers' and an 'Engulfing', so the market is likely going to test the nearest support at 1.1381 by the middle of the last advance. The subsequent pullback from this level could lead to another bullish price movement towards the next resistance at 1.1478.


The market is still consolidating above the Moving Averages. Also, we've got a bearish 'Engulfing' pattern, which has been confirmed. In this case, it's likely that the price is going to achieve the previously tested support at 1.1381 in the coming hours.



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