EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Flag' pattern
2019-11-11 • Updated
The market is consolidating between the levels 1.1745 - 1.1654. Also, there's a 'Flag' pattern, so the price is likely going to test the next resistance at 1.1717 - 1.1745 in the coming hours. A pullback from this area could lead to a downward correction.
There's a local 'Pennant', so the pair is going to achieve the closest support 1.1679 - 1.1661. This area could be a departure point for a bullish price movement towards the nearest resistance at 1.1717 - 1.1745.
Welcome to October, the tenth month of 2023. For this installment of What to Trade, I have handpicked a few of my favorite trade ideas for the month. Let’s go over a few of them.
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.