Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: broken "Pennant"
2019-11-11 • Updated
Bulls have broken the “Wedge’s” upper side, but the price faced a resistance at 1.0951 afterwards. However, the market is likely going to test the next resistance at 1.0991. If a pullback from this level happens, there’ll be an opportunity to have a decline in the direction of the nearest support at 1.0872 – 1.0828.
We’ve got a new local high on the one-hour chart. Meanwhile, the pair is likely going to test the next resistance at 1.0991 during the day. If we see a pullback from this level, bears will probably try to reach the 55 Moving Average.
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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 ...
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...
