EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: no any reversal pattern so far
2019-11-11 • Updated
There's still no any reversal pattern so far, so the market is likely going to test the next support at 1.1284 soon. If a pullback from this level happens next, we're going to have an upward correction towards the closest resistance at 1.1434.
The last 'Hanging Man' pushed the price lower. It's likely that bears are going to achieve the nearest support at 1.1284 within the next few hours. This level could be a departure point for a bullish correction in the direction of the 89 Moving Average.
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.