EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD reversed from support zone
2019-11-11 • Updated
- EUR/USD reversed from support zone
- Next buy target - 1.2500
EUR/USD recently reversed up from the support zone lying between the key support level 1.2200 (which has been reversing the price from the start of February), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. EUR/USD is likely to rise further toward the next buy target at the next resistance level 1.2500.
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…
The e-commerce giant has recently faced a lot of pressure, starting from global uncertainty in China amid lockdowns and geopolitics. The company has been added to the US SEC (Securities and Exchange Commission) delisting queue. Finally, there’s an earnings report coming on August 4. Let’s discuss everything and prepare for the next move.