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: bullish 'High Wave' pattern
2019-11-11 • Updated
There's a bullish 'High Wave', but this pattern remains unconfirmed. In this case, we're likely going to have an upward correction in the coming hours in the direction of the upper 'Window' (1.1329). If a pullback from this level happens next, bears will probably try to test the next support at 1.1257.
We've got an 'Inverted Hammer', which has been confirmed. Thus, it's likely to have a local correction in the short term. Meanwhile, if a pullback from the nearest resistance at 1.1329 happens next, there'll be a green light for another decline towards 1.1257.
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