EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD broke resistance zone
2019-11-11 • Updated
- EUR/NZD broke resistance zone
- Next buy target - 1.7250
EUR/NZD recently broke through the resistance zone lying between the resistance level 1.6960 and the 61.8% Fibonacci correction of the previous intermediate ABC correction (2) from the middle of May. The breakout of this resistance zone accelerated the active intermediate impulse wave (3). EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.7250 (top of the previous impulse wave (1)).
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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...