EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD rising inside intermediate impulse wave (3)
2019-11-11 • Updated
- EUR/NZD rising inside intermediate impulse wave (3)
- Next buy target - 1.5700
EUR/NZD continues to rise inside the intermediate impulse wave (3) – which started earlier from the support area lying between the key support level 1.5100, lower daily Bollinger Band, 38.2% Fibonacci correction of the sharp upward impulse (1) from February and the 50-day simple moving average. The price earlier broke the daily down channel from March – which accelerated the active impulse wave (3).
EUR/NZD is expected to rise to the next buy target at the key resistance level 1.5700 (which reversed the price in last October, as can be seen from the daily EUR/NZD chart below).
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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...