UK officials are reportedly preparing to dilute PM Johnson’s Brexit legislation, in a move that could rekindle negotiations with the EU.
EUR/USD: 'High Wave' points to decline
2019-11-11 • Updated
There's a bearish 'High Wave', which hasn't been confirmed yet. So, the market is likely going to test the 34 Moving Average. If a pullback from this line happens next, bulls will probably try to reach another resistance at 1.1633.
We've got a 'High Wave', so the price is declining. The main intraday target is the next support at 1.1633. This level could be a departure point for a bullish rally, so we could have a new high soon.
How do we trade EUR/GBP today? All the same, but watch for reversal signs against the existing downtrend.
Looking ahead, highlights from macroeconomic calendar include Eurozone CPI US Retail Sales and University of Michigan, European Council Summit and Fed’s Williams speech.
The Kiwi has been losing value against the US dollar. Where does it go?
CHF/JPY retraced 61.8% of its August-September decline, corrected down, formed a higher low above the 100-day MA and now seems eager to rise to the 78.6% Fibonacci level at 116.90.
European stock markets are seen opening a little lower Tuesday, weighed by weakness on Wall Street as time begins to run out on a new U.S. stimulus package