EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Shooting Star" on Moving Average
2019-11-11 • Updated
The lower "Window" acted as support once again. However, we've got a "Shooting Star" on the 55 Moving Average. So, the market is likely going to test the nearest support.
We've got a "Shooting Star" on the 144 Moving Average. This pattern has been confirmed, so bears are likely going to reach the closest support, which could be a departure point for another upward price movement.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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?