EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish 'Harami'
2019-11-11 • Updated
There's a bearish 'Harami', which has been confirmed. So, the pair is likely going to test the 34 & 55 Moving Averages in the short term. A pullback from these lines could be a departure point for another bullish rally.
We've got a 'High Wave', which has been formed on the upper 'Window'. In this case, after a short break, the market is likely going to reach the lower 'Window' (1.1675).
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?