EUR/USD: main trend is still bearish

EUR/USD: main trend is still bearish

2019-11-11 • Updated


The main trend is still bearish. It's likely that the pair is going to test the next resistance at 1.1574. A pullback from this level could be a departure point for a decline towards another support at 1.1508 - 1.1487.


The market is still consolidating, so we're likely going to have a local correction in the short term. In this case, if a pullback from the 1.1508 - 1.1478 happens next, it'll be time for a bullish price movement in the direction of 1.1574.


EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

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