EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Diagonal Triangle" going to be continued
2019-11-11 • Updated
A diagonal triangle in wave (v) is likely going to be continued. The main intraday target is 5/8 MM Level, which could act as resistance. If so, we should keep in mind 3/8 MM Level as an intraday bearish target.
It seems like we've got a zigzag in wave ii. Also, the price came back above 8/8 MM Level, so there's an opportunity to have another zigzag in wave iii of (v). In this case, we're going to have a new local high in the coming hours.
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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...