EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish 'Three Methods' pattern
2019-11-11 • Updated
There's a bullish 'Three Methods' pattern, so the pair is likely going to test the next resistance at 1.1495 shortly. However, if any bearish pattern arrives little later on, there'll be a moment to have a decline towards the nearest support at 1.1395.
The pair has been rising since the last 'Doji' pattern formed. The main intraday target is the closest resistance at 1.1495, which could be a starting point for a decline in the direction of the Moving Averages and the lower 'Window'.
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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...