Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
EUR/USD: the euro is strengthening
2019-11-11 • Updated
TP1 1.153 TP2 1.158 TP3 1.166
On the daily chart of EUR/USD, bears couldn’t break the support at 1.13, it signaled their weakness. Bulls are stronger now. If they break the resistance at 1.143, the “Wolfe waves” pattern will be implemented. As a result, odds of the movement up to the upper boundary of the upward channel will increase.
On H1, if the pair breaks the resistance at 1.1425-1.143, the “Shark” pattern will transform to 5-0. As a result, risks of the pullback to 38.2%, 50% and 61.8% will increase.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
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