Platinum is to drop soon
Platinum is likely to bounce back down after it reaches the local resistance level.
EUR/USD: bullish 'High Wave' and 'Harami'
There're bullish patterns such a 'High Wave' and a 'Harami', which both have been confirmed. Also, it's possible to have a local downward correction during the day. Even so, we should keep watching the next resistance at 1.1776 as an intraday target.
We've got a 'Harami', which has been formed on the 55 Moving Average, so the price is moving up. The following pullback from the nearest support at 1.1691 is likely going to be a starting point for a bullish rally to 1.1776.
Galya Svetlova
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Platinum is to drop soon
Platinum is likely to bounce back down after it reaches the local resistance level.
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