EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: pair going to test next support
2019-11-11 • Updated
The main trend is still bullish, but the pair is likely going to test the nearest support at 1.2275 - 1.2246. If a pullback from this area happens, there'll be a moment to have another upward price movement towards the next resistance at 1.2332 - 1.2384.
The market went through the nearest support at 1.2325, so the price is declining. In this case, we should keep an eye on the next support at 1.2275, which could be a departure point for a bullish price movement.
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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...