EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: no any reversal pattern so far
2019-11-11 • Updated
The last bearish 'Harami' led to form a new local low. At the same time, it's likely to have a local upward correction within the next few hours. So, we should keep on track the nearest resistance at 1.1437 as a possible departure point for another decline towards 1.1336.
There's still no any reversal pattern so far. However, if a pullback from the closest support at 1.1370 happens next, there'll be time for a bullish correction. In this case, the price could test the nearest important resistance at 1.1437.
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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...