EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD falling inside minor impulse wave (c)
2019-11-11 • Updated
- EUR/USD falling inside minor impulse wave (c)
- Next sell target -1.1660
EUR/USD continues to fall inside the minor impulse wave (c), which belongs to the ABC correction 4 from the start of this month. The price earlier broke the support zone lying between the support level 1.1900 and the support trendline of the sharp daily up channel - inside which the price has been rising from the start of September. EUR/USD is expected to fall to the next sell target at the next support level 1.1660 (low of the correction (iv)).
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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...