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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
2019-11-11 • Updated
EUR/USD recently reversed up sharply from the support zone lying between the support level 1.1320 (former powerful resistance level which reversed the price in 2016, as can be seen from the weekly EUR/USD chart below) and the 38.2% Fibonacci correction level of the previously sharp upward impulse from June. The upward reversal form this support zone continues the active impulse waves (iii) and (c). EUR/USD is expected to rise to the next buy target at the next resistance level 1.1500 (target price for the completion of the active impulse wave (iii)).
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
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…
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...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!