Online Forex broker
2019-11-11 • Updated
Recommendation:
BUY 1.1710
SL 1.1655
TP1 1.18 TP2 1.1940 TP3 1.2000
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750). As a result, the odds of continuation towards 200% and 88.6% of AB=CD and “Shark”.
On H1, EUR/USD keeps forming “Head and Shoulders” and AB=CD (200% target). The return of the pair to the neckline of the “Head and shoulders” pattern (1.1710 and 1.1750) may be used to buy EUR/USD.
After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?
All eyes seem to be on the US Dollar as traders await the Federal Reserve Chair's speech this Thursday at the Cato Institute's Annual Monetary Conference.
After the resignation of Boris Johnson in July 2021, the conservative party was preparing for an election. With 57.4% of the vote, Liz Truss will be the new UK Prime Minister (PM) for the next two years. She is about to change a lot, and we are about to tell you everything you need to know.
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
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