EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Breakaway Gap"
2019-11-11 • Updated
Bulls faced with resistance at 1.1934 - 1.1938, so there's a "Triple Top" pattern, which has been confirmed. Therefore, the market is likely going to decline towards the nearest support at 1.1808 - 1.1792 in the short term. If a pullback from this area happens little later on, we could have another upward price movement in the direction of the next resistance at 1.1909.
There's a "Triple Top" pattern, which has been confirmed by the last "Breakaway Gap", so the price has broken all the Moving Averages. However, bears faced with support at 1.1836. In this case, the pair is likely going to reach the closest resistance at 1.1897 - 1.1909 in the coming hours.
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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...