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November, 15 - will EUR/USD have enough power to further extend the gains?

A pause and a significant improvement in EUR/USD chart – that is what engaging our minds at this second. We can’t help but feel joy over the situation around the most popular couple in the markets. Especially given that for the last several days we have seen it fall down so hard and so seemingly unstoppable, all due to the growing greenback.

 

Yesterday we saw euro fall to the lowest point in 5 weeks. And it seems that nothing could stop investors from slowing it a little bit with the greenback. But now we see, that Jerome Powell’s speech has done its deed as USD really slowed down for today.

 

eurusd 15.11.2019

 

And euro investors felt it, as the currency immediately started to grow and gain against the greenback. The growth started in the morning and is still ongoing, which is a perfect opportunity for us to catch, as the markets are going to shut down for the weekend is several hours and we are going to have to wait until Monday to see whether there is enough steam in EUR/USD to move higher, it will the effect from Powel’s poor outlook on American economy run out of power.

 

Right now and on Monday do not forget to use your trading signal as you go into EUR/USD trading.

 

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