EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD reversed from key resistance level 1.5110
2019-11-11 • Updated
- EUR/AUD reversed from key resistance level 1.5110
- Next sell target - 1.4800
EUR/AUD continues to fall after the earlier downward reversal from the key resistance level 1.5110 (which is the lower boundary of the strong resistance area which has been reversing the pair from the end of May, as can be seen below). This resistance area was further strengthened by the upper daily Bollinger Band. Given the strength of the aforementioned resistance zone, EUR/AUD is expected to fall to the next sell target at the next support level 1.4800 (low of the previous correction 2).
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...