EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CHF rising inside impulse waves 5 and (3)
2019-11-11 • Updated
- EUR/CHF rising inside impulse waves 5 and (3)
- Next buy target - 1.1500
EUR/CHF has been under strong bullish pressure lately – following the earlier breakout of the two intersecting resistance trendlines belonging to the two different-length daily up channels from June and April. The breakout of these up channels was preceded by the breakout of the resistance levels 1.1100 and 1.1130. EUR/CHF can be expected to rise further in the active impulse waves 5 and (3) toward the next buy target at the next resistance level 1.1500.
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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...