EUR/USD:

EUR/USD: "Three Methods" acted as support

2019-11-11 • Updated

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The last "Three Methods" pattern acted as support, so the price is consolidating. It's likely that the market is going to continue moving up until any bearish pattern arrives.

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There's a "Piercing Line", which has been formed on the 34 Moving Average. However, confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the 55 MA, which could be a departure point for another upward price movement.

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