EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: extension in wave [iii]
2019-11-11 • Updated
There's an opportunity to have an extension in wave [iii]. Previously, a zigzag in wave [ii] was formed. So, if a pullback from 6/8 MM Level happens in the coming hours, we're likely going to have another bullish rally.
We've got a developing zigzag in wave (ii), which hasn't been finished yet. The main intraday target is 6/8 MM Level, which could be a departure point for wave i of (iii).
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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...