EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bears trying to deliver reverse
2019-11-11 • Updated
We've got a couple of pullbacks from 8/8 MM Level, so wave [y] of 2 may have been formed. Therefore, we could have a bearish impulse in wave (i) in the coming days. In this case, we should keep in mind 6/8 MM Level as an intraday bearish target.
8/8 MM Level is acting as resistance. However, there's an opportunity to have wave ii a little bit bigger, so the last local high is likely going to be broken shortly. Meanwhile, if the price fixates below 8/8 MM Level afterwards, bears will probably try to deliver wave iii of (i).
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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...