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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
2019-11-11 • Updated
On the EUR/USD daily chart, there is a struggle for the area near the neckline of the "Head and shoulders" inverted pattern. If the "bulls" manage to push quotes above 1.0775, then the pattern will be realized and we will able to count on the continuation of the rally towards 1.104. There is 161.8% target in AB = CD pattern. In contrast, the weakness of buyers can lead to the development of correction towards the current short-term uptrend.
On the EUR/USD hourly chart, the "Three Movements" pattern has been implemented. There is a high probability of transformation of the Shark pattern into 5-0. It implies a correction towards 38.2%, 50% and 61.8% levels of the CD wave, followed by the formation of the second shoulder of the "Head and Shoulders" pattern.
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
What happened? It looks like the decline in EUR/CHF to 1…
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
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...
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