
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
2019-11-11 • Updated
There's resistance by the "Window", but the 55 Moving Average is acting as support. Also, we don't have any reversal pattern so far, which means bears are going to test the next "Window" in the short term.
The 34 Moving Average is acting as resistance, so we've got a bearish "Engulfing" on this line. However, confirmation of this pattern is a quite weak, so the 34 MA could be tested once again. Meanwhile, there's an opportunity to have a new low soon.
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…
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?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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