EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY reversed from resistance zone
2019-11-11 • Updated
- EUR/JPY reversed from resistance zone
- Next sell target - 131.70
EUR/JPY today reversed down from the the resistance zone lying between the resistance level 134.50 (top of the previous impulse wave (iii) and the buy target set previously for this currency pair) and the upper daily Bollinger Band. If the pair closes today near the current levels it will form the strong daily Japanese candlesticks reversal pattern Evening Star. Given the overbought value of the daily Stochastic and CCI indicators - EUR/JPY is expected to fall to the next sell target at the next support level 131.70.
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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.
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