EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD rising inside minor impulse wave 5
2019-11-11 • Updated
- EUR/USD rising inside minor impulse wave 5
- Next buy target - 1.2325
EUR/USD continues to rise inside the minor impulse wave 5 – which previously broke through the major resistance level 1.2100 (which stopped the previous sharp impulse waves from August, September and in January, as can be seen below). The active impulse wave 5 belongs to the intermediate impulse wave (3) from December. EUR/USD expected to rise toward the next buy target at the next resistance level 1.2325.
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.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD