EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD rising inside minor impulse wave 3
2019-11-11 • Updated
- EUR/NZD rising inside minor impulse wave 3
- Next buy target - 1.7600
EUR/NZD continues to rise inside the minor impulse wave 3, which recently broke through the key resistance level 1.7190 (which stopped the previous minor impulse wave (i) in October). The breakout of the resistance level 1.7190 accelerated the active minor impulse wave (iii) and 3 – which belong to the sharp intermediate impulse wave (3) from the end of June. EUR/NZD is expected to rise toward the next buy target at the next resistance level 1.7600.
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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...