EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bears went through "Window"
2019-11-11 • Updated
The last “Shooting Star” and “Three Black Crows” pushed the market under the Moving Averages. Considering that there isn’t any reversal pattern so far, the price is likely going to continue moving down towards the nearest support.
The 144 Moving Average has acted as a resistance, so we’ve got a “Three Methods” pattern. Also, bears have broken the closest “Window”. In this case, the pair is likely going to continue falling down until any bullish pattern arrives.
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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...