
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
2019-11-11 • Updated
EUR/JPY has been taking a rest in the bullish bias started from the lows of March and the resistance level of 133.49 is helping to cap further gains. Currently, the pair is on its way to reach the Fibonacci zone of 50% at 131.21. If a rebound happens over there, then we can expect a rally to test the Fibonacci area of -23.6% at 134.56. To the downside, if the 130.53 level gives up, doors will open to test the 128.94 area.
RSI indicator remains steady around the oversold territory.
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…
What happened? Japanese shares fell on Monday…
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
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