EURUSD: "Doji" on the 55 Moving Average

2019-11-11 • Updated

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There's a "Doji", which has been formed on the 55 Moving Average. However, confirmation of this pattern is a quite weak, so we're likely going to have a local correction towards the nearest resistance, which could be a departure point for another decline.

1001eurusdH1 (1).png

We've got an "Inverted Hammer" and a "Tweezers" patterns, so the market is likely going to test the 89 Moving Average. If this line acts as resistance, bears will probably try to deliver a new local low.


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