EUR/USD: no any reversal pattern so far

EUR/USD: no any reversal pattern so far

2019-11-11 • Updated


The last bearish 'Harami' led to form a new local low. At the same time, it's likely to have a local upward correction within the next few hours. So, we should keep on track the nearest resistance at 1.1437 as a possible departure point for another decline towards 1.1336.


There's still no any reversal pattern so far. However, if a pullback from the closest support at 1.1370 happens next, there'll be time for a bullish correction. In this case, the price could test the nearest important resistance at 1.1437.


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