EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: broken "Triangle"
2019-11-11 • Updated
Bulls have broken the last "Triangle", but price faced resistance at 1.0991, so there's a consolidation. In this case, the market is likely going to test the next resistance nears the current downtrend. If a pullback from this level happens, there'll be an opportunity to have a decline towards support at 1.0951.
The price has been consolidating since a pullback from resistance at 1.0991 formed. Also, we've got a "Flag" pattern, so the market is likely going to continue moving up during the day. If any bearish pattern arrives afterwards, bears will probably try to deliver a local downward correction.
Similar
What happened? It looks like the decline in EUR/CHF to 1…
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
Latest news
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...