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: market going to test nearest resistance
2019-11-11 • Updated
The price is still consolidating. Therefore, the market is likely going to test the nearest resistance at 1.1232 in the short term. If we see a pullback from this level, there'll be an opportunity to have a decline towards the 89 Moving Average.
Bears faced support on the 34 Moving Average. So, the pair is likely going to reach the next resistance at 1.1219 - 1.1227 during the day. If a pullback from this area happens, we should keep an eye on the closest support at 1.1165 - 1.1137 as an intraday target.
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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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