EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'V-Top' led to decline
2019-11-11 • Updated
The last 'V-Top' pattern led to the current decline. It's likely that the market is going to test the next support at 1.2003 - 1.1975. A pullback from this area could be a departure point for a bullish correction.
The market has been declining since the last 'Triple Top' formed under the Moving Averages. The main intraday target is the next support area between the levels 1.2003 - 1.1975.
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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...