EUR/USD:

EUR/USD: "Tweezers" led to decline

2019-11-11 • Updated

1503eurusdh4 (1).png

There're bearish patterns such an "Evening Star" and a "Shooting Star". Therefore, the market is going to test the 144 Moving Average, which could be a departure point for an upward price movement.

1503eurusdh1 (1).png

The last "Tweezers" led to the current decline. There's no any reversal pattern so far, which means the pair is likely going to decline towards the lower "Window".

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