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 ...
EUR/USD: euro corrected to Kijun-sen
2019-11-11 • Updated
Technical levels: support – 1.0760, 1.0740; resistance – 1.0800/20.
Trade recommendations:
1. Buy — 1.0740; SL — 1.0720; TP1 — 1.0800; TP2 – 1.0820.
Reason: bullish Ichimoku Cloud, but the Senkou Span A is falling; a golden cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are corrected to Kijun-sen and may continue correction to the Cloud.
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Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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