EUR/USD: bulls going to deliver correction

EUR/USD: bulls going to deliver correction

2019-11-11 • Updated

1209eurusdh4.png

We've got a bullish "Inverted Hammer", but this pattern remains unconfirmed. So, we could have the price a little bit lower in the short term. Anyway, bulls are likely going to deliver an upward correction afterwards.

1209eurusdh1.png

The 55 Moving Average is acting as resistance, so there's a bearish "Doji", which has been confirmed enough. So, the lower "Window" is likely going to be tested during the day. If we have a pullback from this level, there'll be time for bullish correction.

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