EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: possible zigzag in wave (iv)
2019-11-11 • Updated
The price couldn't fixate above 3/8 MM Level, so wave (iv) might have been formed. Therefore, we're likely going to have a downward impulse in wave (v) of [iii] soon.
There's a possible zigzag in wave (iv), so the price is declining in wave i. At the same time, we could have a local correction soon. Nevertheless, bears are likely going to deliver wave iii of (v) 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...