EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 21 MA acting as resistance
2019-11-11 • Updated
The 21 Moving Average is acting as resistance, so we've got a "Shooting Star" pattern on this line. Therefore, the market is likely going to reach the nearest support level, which could be a departure point for an upward price movement towards the 34 MA.
The price faced with resistance on the 89 Moving Average, so there's a bearish "Engulfing" pattern, which has been confirmed. In this case, we could have an intraday decline in the coming hours. If we have a pullback from the closest support, bulls will probably try to deliver a new local high.
Similar
What happened? It looks like the decline in EUR/CHF to 1…
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
Latest news
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...