EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD reversed from support area
2019-11-11 • Updated
- EUR/NZD reversed from support area
- Next buy target - 1.6800
EUR/NZD recently reversed up from the support area lying between the lower daily Bollinger Band and the strong multi-month support level 1.6620 (which has been reversing the price from last November). The upward reversal from this support area started the active minor impulse wave (c) of the ABC correction B from the start of June. EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.6800 (top of the earlier wave (a)).
Similar
What happened? It looks like the decline in EUR/CHF to 1…
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
Latest news
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...