EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Window" still on the table
2019-11-11 • Updated
The main trend is still bullish, cause we've got a pullback from the lower "Window". However, there's a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to get support on the 34 Moving Average, which could be a departure point for another upward price movement towards the upper "Window".
There's a bearish "Hanging Man", so the price is likely going to test the nearest support during the day. If a pullback from this level happens, bulls will probably try to deliver a new local high.
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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...