EURUSD Market Outlook – 4 Nov 2019
Overall market is pretty mixed.There are some symbols with strong directional move like USDJPY, USDCHF and CADJPY. At the same time, more symbols are pretty undetermined with their direction yet. EURUSD enjoyed some bullish movement with last AB=CD pattern formation in Daily timeframe. However, it is now seeking for reasons for its momentum. For EURUSD, there is ongoing test over the price level 1.1180. Two weeks ago, this level was not broken. Today, EURUSD is attempting to test this level once more. The level 1.1120 could be the bottom line for EURUSD.
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