EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: wave (ii) going to move on
2019-11-11 • Updated
Wave (ii) has turned out to be deeper. However, the bearish wave count is still on the table. Therefore, if a pullback from 4/8 MM Level happens, there’ll be an opportunity to have wave (iii).
As you can see on the one-hour chart, we’ve got an expanded wedge pattern in wave a of (ii). Also, there’s a zigzag in wave b, which has been finished on 3/8 MM Level. In this case a bullish impulse in wave c of (ii) is likely going to move on.
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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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