EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: wave (i) about to end
2019-11-11 • Updated
Wave (i) is about to end, so if we see a pullback from 3/8 MM Level, there'll be time for wave (ii). Anyway, bears are likely going to deliver wave (iii) afterwards. In this case, we should keep in mind 2/8 MM Level as an intraday target.
As we can see on the one-hour chart, there's a possible wedge in wave (i). Wave iv is likely going to end soon, so if we have a pullback from 2/8 MM Level, there'll be an opportunity to have wave v of (i).
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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...