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 rising inside intermediate impulse wave (3)
2019-11-11 • Updated
- EUR/GBP rising inside intermediate impulse wave (3)
- Next buy target - 0.9240
EUR/GBP continues to rise after the earlier upward reversal from the support zone lying between the support level 0.9070 and the support trendline of the sharp narrow daily up channel from the middle of July. This daily up channel is enclosed by the wider daily up channel from March – indicating the strengthening of the bullish pressure on this currency pair. EUR/GBP is expected to rise to next buy target at the next resistance level 0.9240 (target price for the completion of the active intermediate impulse wave (3)).
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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...