EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY rising in impulse wave (iii)
2019-11-11 • Updated
- EUR/JPY reversed from support zone
- Next buy target - 134.50
EUR/JPY recently reversed up with the daily Hammer from the support zone lying between the support level 131.60 (former resistance from August), 38.2% Fibonacci correction of the previous upward impulse (i) and the 30-day moving average. The upward reversal from this support zone started the active minor impulse wave (iii), which belongs to the impulse 5 of the intermediate impulse wave (3) from April. EUR/JPY is expected to rise to the next buy target at the next resistance level 134.50 (top of the previous impulse (i)).
Similar
What happened? It looks like the decline in EUR/CHF to 1…
What happened? Japanese shares fell on Monday…
Latest news
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone
During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...