EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: confirmed 'Double Bottom' pattern
2019-11-11 • Updated
The main trend is still bearish, but there's a 'Double Bottom' pattern, so the pair is likely going to test the nearest resistance at 1.1661 - 1.1717. A pullback from this area could be a departure point for another decline.
We've got a 'Double Bottom', which has been confirmed, so the market is rising. It's likely that the price is going to test the closest resistance at 1.1699 - 1.1717 in the coming hours. If a pullback from these levels forms little later on, bears will probably try to deliver a new local low.
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Gold price (XAU/USD) experienced a notable turnaround, gaining fresh bids after a $125 pullback from its recent peak. Federal Reserve Chair Jerome Powell's recent speech suggested a reluctance towards aggressive rate cuts, dampening speculations of immediate policy easing. Market sentiment leans towards the belief that the Fed has concluded its tightening cycle, with a growing...