Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/GBP looking to correct recent drop
2019-11-11 • Updated
Bears in the EUR/GBP pair remain strong and the outlook remains bearish across the board. However, following an impulsive drop, the pair could start to retrace from the current stage, towards the 50% Fibonacci level at 0.8983. Around that area, we can expect a supply area that could take the pair to test fresh lows below 0.8773. If that happens, next target is placed at the -23.6% Fibo level in 0.8674.
RSI indicator is overbought, but still, it’s showing signs of exhaustion of the bearish trend.
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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...
