EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: pair going to reach next support
2019-11-11 • Updated
The price is consolidating near the 34 Moving Average. The main intraday target is the next support at 1.1833 - 1.1816. If a pullback from these levels arrives, we could have an upward price movement towards another resistance at 1.1901 - 1.1919.
There's a consolidation, which is taking place between the levels 1.1871 - 1.1890. It's likely that the pair is going to achieve the next support at 1.1833 - 1.1816. Meanwhile, if a pullback from this area happens, there'll be an opportunity to see a bullish price movement in the direction of the closest resistance at 1.1901 - 1.1941.
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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...