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: 'Flag' pattern
2019-11-11 • Updated
The main trend is still bearish. Also, there's a 'Flag' pattern, so the market is likely going to test the nearest support at 1.1762 - 1.1717. A pullback from this area could be a departure point for an upward correction.
We've got a bearish 'Flag' pattern, which is likely finished. So, the market is going to reach the next support at 1.1751 - 1.1717 in the coming hours. Meanwhile, if a pullback from this area happens little later on, there'll be a moment for a bullish correction.
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
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