EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY reversed from combined resistance area
2019-11-11 • Updated
- EUR/JPY reversed from combined resistance area
- Next sell target - 128.00
EUR/JPY recently reversed down from the combined resistance area lying between the resistance level 131.30 (which stopped the previous corrective wave (b) and which was set as the buy target in our previous forecast for this currency pair) and the upper daily Bollinger Band. The downward reversal from this resistance area started the active minor correction (ii), which belongs to the impulse wave 5. EUR/JPY is expected to fall toward next sell target at the next support level 128.00 (which reversed earlier wave 4).
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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...