EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Evening Doji Star" arrived
2019-11-11 • Updated
There's a possible "Engulfing" at the last high. If this pattern confirms, bears are likely going to deliver a local downward correction towards the nearest support area. However, if a pullback from this support happens, there'll be an opportunity to have another upward price movement.
We've got an "Evening Doji Star", but confirmation of this pattern isn't enough. So, we could have a correction in the direction of the closest support. Meanwhile, bulls will probably try to deliver a new local high afterwards.
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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...