Overview of the foreign exchange market 12.11.2019

What do we see in the foreign exchange market?

It seems that the dollar 🇺🇸 index managed to find its local bottom and quickly rebounded from it within the past week.

The General mood of the currency is upward, however, a downward correction of 1 \ 3 from the growth of the past week is not excluded.

The last week ended in negative territory for the European 🇪🇺 currency. Forming a reversal pattern of the uptrend "double top". The rising market was broken, the figure worked itself 100%.

This week, the currency is likely to remain under pressure.

The British pound 🇬🇧 is very much overbought. The market just needs a little respite in the face of a short-term downward correction to the nearest support levels.

In the medium term, the mood is rising, but there will be no growth without a break. You need to dial the volume of buyers, but at the current, inflated price to buy a few people want.