Online Forex broker
2019-11-11 • Updated
Recommendation:
BUY 1.1680
SL 1.1625
TP1 1.1775 TP2 1.18
On the daily chart, bulls are trying to counterattack and conquer resistance at 1.1670-1.1680. If they succeed, euro will manage to go to the area of trade channel’s intersection ($1.1775-$1.1800). On the other hand, return to support at 1.1595-1.1610 with the following successful will increase the odds of realization of 200% target of AB=CD.
On H1, a successful test of resistance at 1.1670-1.1680 will increase the odds of formation of the “Crab” pattern with targets at 78.6% and 88.6%.
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).
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