EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD reached buy target 1.1700
2019-11-11 • Updated
- EUR/USD reached buy target 1.1700
- Next buy target - 1.1800
EUR/USD recently reached the resistance level 1.1700 (which was set as the buy target in our earlier forecast for this currency pair). The price earlier reversed up from the key support level 1.1500 – which stated the active minor impulse wave (v) – which belongs to the impulse wave 5 from the middle of June. With the accelerating daily Momentum - EUR/USD is expected to rise further to the next buy target at the next resistance level 1.1800 (forecast price calculated for the completion of the active impulse wave 5).
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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.
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