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.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
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