EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: no any reversal pattern so far
2019-11-11 • Updated
There's a local bullish 'Harami' pattern, so the price is rising. The main intraday target is the next resistance at 1.1704. A pullback from this level could be a departure point for a decline towards the nearest support at 1.1599.
There's no any reversal pattern so far. Also, all the Moving Averages have been broken. So, the market is likely going to test the closest resistance at 1.1704. If a pullback from this level happens next, there'll be a moment for a decline in the direction of the lower 'Window' (1.1602).
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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...