EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Engulfing" at the local low
2019-11-11 • Updated
There's a bearish "Tower" pattern, which has been confirmed enough. Therefore, the market is likely going to decline towards the 55 Moving Average. If we see any bullish pattern on this line afterwards, there'll be an opportunity to have another upward price movement.
We've got a confirmed "Engulfing" at the local low. Considering confirmation of this pattern, the pair is likely going to get support on the 55 Moving Average. If a pullback from this line happens, the current upward correction will go on.
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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...