UK officials are reportedly preparing to dilute PM Johnson’s Brexit legislation, in a move that could rekindle negotiations with the EU.
EUR/USD: no any reversal pattern so far
2019-11-11 • Updated
There's no any reversal pattern so far. Previously, we had a 'Harami', which led to the current decline. The main intraday target is the next support at 1.1284, which could be a departure point for an upward correction towards 1.1434.
We've got a 'Hanging Man', which helped bears to push the market lower. It's likely that the pair is going to test the nearest support at 1.1284. If a pullback from this level happens next, there'll be a moment for a bullish correction in the direction of the 89 Moving Average.
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