EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD falling inside the minor ABC correction 4
2019-11-11 • Updated
- EUR/AUD falling inside the minor ABC correction 4
- Next sell target - 1.4650
EUR/AUD continues to fall inside the sharp minor ABC correction 4 – which earlier broke through the support trendline of the sharp daily up channel from April, upper trendline of the daily up channel from February, support level 1.4840 and the 38.2% Fibonacci correction of the previous upward impulse from April. EUR/AUD is expected to fall down further to the next sell target at the support level 1.4650 (which reversed the previous correction 2 and which is the forecast price for the termination of the active correction 4).
Similar
What happened? It looks like the decline in EUR/CHF to 1…
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
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...