EUR/USD: bears going to test  89 MA

EUR/USD: bears going to test 89 MA

2019-11-11 • Updated

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There are two bearish "Three Methods" patterns in a row. In this case, the market is likely going to decline towards the lower "Window", which could be a departure point for another upward price movement.

0407eurusdh1-2.png

We don't have any reversal pattern so far, so bears are likely going to test the 89 Moving Average. If a pullback from this line happens, we could have a local correction. However, we should keep in mind the 144 MA as the next bearish target.

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