EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish 'High Wave' pattern
2019-11-11 • Updated
There's a bullish 'High Wave', so the price is rising. At the same time, if a pullback from the 55 Moving Average happens next, there'll be time for a decline towards the nearest support at 1.1680.
The last 'Inverted Hammer' led to the current upward price movement. However, if we have a pullback from the upper 'Window' (1.1746), there'll be an opportunity to have a bearish correction in the direction of the 55 Moving Average.
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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...