
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
We've got a 'V-Bottom', so the market is consolidating. The main intraday target is the next resistance at 1.3314 - 1.3347. This area could be a starting point for a bearish correction in the direction of the 34 Moving Average.
There's a possible developing 'Pennant', which is about to end. It's likely that the pair is going to test the Moving Averages shortly. If a pullback from these lines happens next, bulls will probably try to reach another resistance at 1.3314 - 1.3347.
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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