
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!
2019-11-11 • Updated
There's a 'V-Bottom', so the price is rising. The main intraday target is the next resistance at 1.1710 - 1.1726. A pullback from these levels could be a starting point for a decline in the direction of the closest support at 1.1623 - 1.1607.
The last 'Pennant' pushed the pair higher. However, there's a 'V-Top' pattern, so the market is likely going to test the 89 Moving Average. A pullback from this line could be a starting point for another bullish rally.
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!
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Let's dive into the recent debt ceiling saga in the US and its implications for the economy, deficit, and inflation. The good news is that a new debt deal is on the horizon, saving us from a potential default on June 5. Phew! This deal will impact the economy by providing stability and avoiding a financial catastrophe.
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