
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
2019-11-11 • Updated
The market is still consolidating. It's likely that the pair is going to test the nearest support at 1.2839 - 1.2814 in the coming hours. If a pullback from these levels happens next, there'll be a moment for an upward price movement towards the next resistance at 1.2927 - 1.2946.
The 34 Moving Average is acting as support. Also, there's a developing 'Rising Wedge' pattern. In this case, we should watch the 89 Moving Average as an intraday target. The subsequent pullback from this line could lead to another bullish rally.
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
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