EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Doji' formed on the 34 Moving Average
2019-11-11 • Updated
The pair has been declining since a 'Doji' formed on the 34 Moving Average. There's no any reversal pattern so far, which means the price is going to continue declining towards the next support area.
There's a 'Shooting Star', so the market is declining. In this case, bears are likely going to continue to push the price lower until any reversal pattern forms.
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?