After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?
EUR/USD can rebound after a pullback
2019-11-11 • Updated
TP1 1.18 TP2 1.1940 TP3 1.2000
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750). As a result, the odds of continuation towards 200% and 88.6% of AB=CD and “Shark”.
On H1, EUR/USD keeps forming “Head and Shoulders” and AB=CD (200% target). The return of the pair to the neckline of the “Head and shoulders” pattern (1.1710 and 1.1750) may be used to buy EUR/USD.
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