EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EURUSD: bullish "Harami"
2019-11-11 • Updated
We've got a "High Wave" and an "Engulfing" patterns, which both have been formed at the last high. So, the market is likely going to test the 34 Moving Average in the short term.
There's a bullish "Harami", which has been confirmed by the last "Three Methods" pattern. Therefore, we should keep an eye on the upper "Window" as the next intraday target.
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.