Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD doing a bearish crossover
2019-11-11 • Updated
EUR/AUD is extending the decline across the markets and we can expect a duplication of the cycle started since end of May. Currently, the pair is targeting the Fibonacci expansion zone of 100% at 1.4473, where a rebound could happen in order to correct the fall. If that happens, it can go as long as the 200 SMA at H4 chart around 1.4800.
RSI indicator is at the negative territory, favoring for more weakness until 1.4332 as the maximum range to reach.
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WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
