EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: developing ending diagonal
2019-11-11 • Updated
There's a developing ending diagonal in wave [v] of C. It seems like wave (iv) has been formed, so bulls are likely going to deliver wave (v) of [v] in the coming hours. In this case, we could have a new high soon.
As we can see on the one-hour chart, wave (iv) took the form of a double zigzag. Therefore, the market is likely going to form another zigzag in wave (v) of [v], so 8/8 MM Level could be broken.
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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...