EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY broke resistance level 131.50
2019-11-11 • Updated
- EUR/JPY broke resistance level 131.50
- Next buy target - 135.00
EUR/JPY continues to rise after the earlier breakout of the key resistance level 131.50 (which stopped the previous impulse waves (i) and i, as can be seen below). The breakout of the resistance level 131.50 accelerated the active minor impulse wave 3, which belongs to the sharp intermediate impulse wave (C) from last April. EUR/JPY expected to rise further to the next buy target at the next resistance level 135.00 (target price for the completion of the active impulse (C)).
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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...