EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD broke round resistance level 1.5000
2019-11-11 • Updated
- EUR/AUD broke round resistance level 1.5000
- Next buy target - 1.5100 and 1.5200
EUR/AUD continues to rise after the recent breakout of the round resistance level 1.5000 (which stopped the previous minor impulse wave (i)). The breakout of this resistance level accelerated the active C-wave of the intermediate ABC correction (2) from February. EUR/AUD is expected to rise to the next buy target at the next resistance level 1.5100 – the breakout of which can lead to further gains toward 1.5100 (top of the previous minor A-wave from the end of May).
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...