EUR/USD: bearish

EUR/USD: bearish "Tweezers"

2019-11-11 • Updated

1708eurusdh4-1.png

There's a local bearish "Tweezers" pattern, which has been confirmed. So, bears are likely going to test the 89 Moving Average. If any bullish pattern arrives little later on, there'll be an opportunity to have an upward price movement.

1708eurusdh1-1.png

The price has reached the previously tested support level, but we still don't have any reversal pattern. So, the market is likely going to test the next support in the coming hours.

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