EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD reversed from support zone
2019-11-11 • Updated
- EUR/NZD reversed from support zone
- Next buy target - 1.7360
EUR/NZD recently reversed up from the support zone lying between the support level 1.7140 and the 38.2% Fibonacci correction of the previous upward impulse from the middle of June. The upward reversal from this support zone started the active minor impulse wave 3. EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.7360 (top of wave 1).
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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...