EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish "Flag"
2019-11-11 • Updated
Bears reached a support at 1.0678, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.0655 – 1.0594 in the short term. If a pullback from this area happens, there’ll be an opportunity to have an upward price movement towards a resistance at 1.0705.
The price is consolidating along a support at 1.0678. However, the pair is likely going to reach the next support at 1.0655 – 1.0594, which could be a departure point for a bullish correction. In this case, we should keep an eye on a resistance at 1.0698 -1 .0707 as an intraday target.
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...