EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY broke support zone
2019-11-11 • Updated
- EUR/JPY broke support zone
- Next sell target - 128.00
EUR/JPY today broke sharply through the support zone lying between the key support levels 130.00 and 129.30 (which have been reversing the price from the start of March, as can be seen below). The breakout of this support zone accelerated the active minor impulse wave (iii). EUR/JPY is expected to fall further toward the next sell target at the next support level 128.00.
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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...