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 doesn't give up
2019-11-11 • Updated
BUY 1.1325; TP1 1.1370; TP2 1.1390; SL 1.1305
EUR/USD formed a bullish engulfing pattern on D1 yesterday rebounding from the lower daily Bollinger Band. After this, there should be at least a minor recovery. The conservative target lies close to the weekly pivot and the 50-period MA on H4 at 1.1370. The next target is at 1.1390. Sellers will regain their power below the recent low at 1.1260.
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