EUR/USD: bullish 'High Wave'

EUR/USD: bullish 'High Wave'

2019-11-11 • Updated


We've got a bullish 'High Wave', but confirmation of this pattern is quite weak. So, the price is likely going to test the nearest resistance at 1.1437, which could be a departure point for another decline towards the next support at 1.1336.


The lower 'Window' has acted as support, so an upward correction is taking place. The main intraday target is the 34 Moving Average. If a pullback from this line happens little later on, bears will probably try to achieve the closest support at 1.1336.



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