![EUR/USD: triangle in wave [B]](/img/articles/1838/hiM30tT3cqGGVJCP_1280x600_q70v3.jpg)
Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: triangle in wave [B]
2019-11-11 • Updated
There's a possible triangle in wave [B], so the price is likely going to continue rising towards the upper side of this pattern. If a pullback from this line happens, there'll be an opportunity to have the beginning of wave [C].
As we can see on the daily chart, there's a developing impulse in wave C of (E). The main bullish target is +1/8 MM Level, which could be a departure point for an impulse wave. The main bearish target is 6/8 MM Level.
Similar
SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
EUR/USD Hit All Targets
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
Latest news
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
Fed Keeps Pushing USD to 2000s Highs
The US dollar index has all chances of reaching the 2000s high of 120.00.
Canadian CPI, Top-down Analysis and Trade Ideas
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
