Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD rising inside impulse waves 1, (1) and ③
2019-11-11 • Updated
- EUR/USD rising inside impulse waves 1, (1) and ③
- Next buy target - 1.1900
EUR/USD continues to rise inside the minor impulse wave 1, which belongs to the intermediate impulse wave (1) of the primary impulse ③ from the start of November. The price earlier reversed up from the support zone lying at the intersection of the support level 1.1600, lower daily Bollinger Band and the 50% Fibonacci retracement of the previous sharp upward impulse wave (5) from June. EUR/USD is expected to rise to the next buy target at the next resistance level 1.1900.
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