Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
EUR/GBP: bullish signal for the EUR
2019-11-11 • Updated
BUY 0.892 SL 0.8865 TP1 0.902 TP2 0.906 TP3 0.912
On the daily chart of EUR/GBP, bulls managed to take control over the situation after a small reversal. They are planning to implement the target of the "Wolfe Waves" pattern, move the price out of the 0.87-0.902 range of long-term consolidation and reach the 88.6% target of the "Shark" pattern.
On H1, the pair bounced from the support near the 61.8% mark of the BC wave of the "Shark" pattern. It helped to open the long positions. The pair needs to break the resistance at 0.8920 to continue rising.
Last week, EURUSD broke below a significant support level, the gas price retested its October high, and the oil prices managed to correct lower on the bearish signs of more oil supplies coming into the market.
This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…