EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish 'Engulfing' pushing price higher
2019-11-11 • Updated
There's a bullish 'Engulfing', so the market is likely going to test the 34 Moving Average, which could act as resistance. If so, we should keep an eye on the lower 'Window' (1.1400) as the next bearish target.
We've got an 'Engulfing', which has been formed on the 55 Moving Average, so we're going to have a local correction towards 1.1471. If a pullback from this level forms next, there'll be a moment to have another bullish price movement.
Welcome to October, the tenth month of 2023. For this installment of What to Trade, I have handpicked a few of my favorite trade ideas for the month. Let’s go over a few of them.
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.