EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY reached sell target 132.00
2019-11-11 • Updated
- EUR/JPY reached sell target 132.00
- Next sell target - 130.00
EUR/JPY has been falling in the last few trading sessions inside the minor corrective wave 2, which earlier broke through the strong support level 132.00 (which was set as the sell target in our previous forecast for this currency pair). EUR/JPY is expected to fall toward the next sell target at next round support level 130.00 (low of the previous intermediate correction (2) from April).
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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...