EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price under the Moving Averages
2019-11-11 • Updated
The price is under the Moving Averages and there's no any reversal pattern so far. The main intraday target is the next support at 1.1519. A pullback from this level could be a departure point for an upward correction towards the 144 Moving Average.
There's a 'Three Methods' pattern, which has been formed on the upper 'Window'. However, it's likely that the nearest resistance at 1.1596 is going to be tested once again. A pullback from this level could be a starting point for another decline.
Over the last couple of weeks, GBPUSD and a few other commodities have breached their recent swing highs and lows, while some have even gone on to create new All-Time Highs and Lows
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.