Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/USD: main trend is still bullish
2019-11-11 • Updated
The main trend is still bullish, but the price is consolidating. It's likely that the price is going to continue moving up, so we should keep an eye on the next resistance at 1.2296 - 1.2322 as the next intraday target. If a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction.
The 55 Moving Average has acted as support, so the market is likely going to reach the closest resistance at 1.2296 - 1.2322 in the coming hours. Meanwhile, if we see a pullback from these levels, bears will probably try to test the nearest support at 1.2225 - 1.2194.
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Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
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