EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bulls going to deliver correction
2019-11-11 • Updated
We've got a bullish "Inverted Hammer", but this pattern remains unconfirmed. So, we could have the price a little bit lower in the short term. Anyway, bulls are likely going to deliver an upward correction afterwards.
The 55 Moving Average is acting as resistance, so there's a bearish "Doji", which has been confirmed enough. So, the lower "Window" is likely going to be tested during the day. If we have a pullback from this level, there'll be time for bullish correction.
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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...