EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EURUSD: bearish "Harami"
2019-11-11 • Updated
There's a bearish "Harami", which has been formed at the last local high. Therefore, the pair is likely going to test the lower "Window" in the short term.
We've got a bullish "Hammer", but this pattern hasn't been confirmed yet. So, it seems like we're going to have just a local correction towards the Moving Averages.
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?