Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
EUR/USD: a chance for recovery
2019-11-11 • Updated
On H4, the EUR/USD pair has fallen to the important support at 1.1126 and rebounded. It's a good chance for the euro to recover. We can anticipate a continuation of the rise as the pair has reached the level of 1.1144. Then the next target will be placed at 1.1168 (upper boundary of the previous consolidation range).
Alternative scenario: on the daily chart, the pair formed the head and shoulders pattern. And the target of the pattern is located much lower than 1.1126. If the pair moves below 1.1126, the next level to watch is 1.1110. A great plunge will be confirmed only after the slide below 1.1065.
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
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