Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
EUR/USD: 'Three Methods' led to decline
2019-11-11 • Updated
There's a bearish 'Three Methods', which pushed the price lower. Also, we've got no any reversal pattern so far. In this case, after a short break, the pair is likely going to reach the next support at 1.1433.
The market has been declining since the last bearish 'Harami' formed. Meanwhile, it's likely to have a local correction during the day. So, a pullback from the nearest resistance at 1.1544 could be a starting point for another decline.
The pair is testing the key pivot level at 74.40
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
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