EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD rising inside minor impulse wave 5
2019-11-11 • Updated
- EUR/NZD rising inside minor impulse wave 5
- Next buy target - 1.6200
EUR/NZD continues to rise inside the minor impulse wave 5, which started earlier, with the daily Morning Star from the support zone lying between the support level 1.5710 and the 38.2% Fibonacci correction of the previous sharp upward impulse wave from the middle of April. The active impulse wave belongs to the intermediate impulse (3).
EUR/NZD is expected to rise to the next buy target at the resistance level 1.6200 (target price for the completion of the active impulse wave (3), intersecting with the resistance trendline of the daily up channel from February).
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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...