EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Harami' led to decline
2019-11-11 • Updated
The pair has been declining since the last 'Harami' formed. Also, there's no any reversal pattern so far. In this case, after a short break, the price is likely going to test the lower 'Window' (1.1117).
There's a bullish 'Hammer', but this pattern remains unconfirmed. So, it's likely that the market is going to reach the nearest support at 1.1313. If a pullback from this level happens next, there'll be a moment for another decline.
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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...