EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bulls going to deliver wave 5
2019-11-11 • Updated
There's a possible triangle pattern in wave 4. So, if the price fixates above 6/8 MM Level, bulls are likely going to deliver wave 5. In this case, we should keep an eye on 8/8 MM Level as an intraday target.
2/8 MM Level acted as support, so the triangle may have been ended. Therefore, we're likely going to have an upward impulse in wave [i] in the coming hours. If another pullback from 5/8 MM Level arrives later on, there'll be an opportunity to have a local bearish correction.
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...