
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
2019-11-11 • Updated
This week the EUR/USD pair showed wavy dynamics with growth and falls after the great growth on Friday, January 12. Euro started a week with the lower price than closed the last week session. But after that, we could see continuing growth until the price 1.23 that formed the resistance of this week, that it reached 3 times this week. The price managed to hit this line once this week reached the top at 1.2322, the highest level in 3 years. However, it could not continue its way to the upside. None of the candlesticks of the daily chart was able to close above 1.23. The lowest price was at the level 1.2165.
The long-term trend since the start 2017 is bullish and will remain so as long as the pair will trade above support line at 1.1950. On the daily chart 50-day MA went above 100-day MA. So the pair still has a chance to finally overcome 1.23. On the weekly chart, MACD indicator did not confirm the price high. As a result, EUR/USD may firstly decline to support levels before resuming the long-term uptrend.
Support levels are at 1.2165, 1.2090. Resistance is at 1.23, 1.2350.
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Last week was bearish for risky assets such as stocks, oil, gas, and crypto. Will the upcoming week change the situation across the markets? Let’s look at it in detail!
US stocks have delivered their worst first half of a year in more than 50 years triggered by the Fed's attempt to control inflation and growing concerns about recession.
The value of the US dollar continues to rise, but is this because of the strength of the dollar itself or just the weakness of the euro, Japanese yen, and British pound? Since the beginning of the year, the US dollar index has been up 8…
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.