EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD rising inside minor impulse wave (iii)
2019-11-11 • Updated
- EUR/AUD rising inside minor impulse wave (iii)
- Next buy target - 1.5380
EUR/AUD has been rising in the last few trading sessions inside the minor impulse wave (iii) which started from the support zone lying between the key support level 1.5100 the 61.8% Fibonacci correction of the previous sharp upward impulse from the middle of October. The active impulse wave (iii) belongs to the intermediate impulse wave (3) from September. EUR/AUD is expected to rise further to the next buy target at the next resistance level 1.5380 (top of impulse (i)).
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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...