EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CHF falling inside sharp minor c-wave
2019-11-11 • Updated
- EUR/CHF falling inside sharp minor c-wave
- Next sell target - 1.1500
EUR/CHF continues to fall inside the sharp minor c-wave – which previously broke through the support levels 1.1700 (which has been reversing the price from the start of January) and 1.1600 (which reversed earlier waves iv and (iv)) – intersecting with the 38.2% Fibonacci correction of the previous sharp impulse wave from the middle of August. EUR/CHF is expected to fall to the next sell target at the next support level 1.1500.
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...