EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Shooting Star' and 'Engulfing'
2019-11-11 • Updated
There's a 'Shooting Star', which has been formed on the 144 Moving Average. In this case, it's likely that the market is going to test the next support at 1.1505. A pullback from this level could be a starting point for another bullish rally.
There're bearish patterns such a 'Shooting Star' and an 'Engulfing', both of them have been confirmed. Therefore, we should keep an eye on the nearest significant support at 1.1505 as an intraday target.
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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...