Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Double Top" still pushing price lower
2019-11-11 • Updated
The main trend is still bearish. The price faced a support at 1.0600, so there’s a developing upward correction. Nevertheless, the market is likely going to reach the next support at 1.0571 in the short term. If a pullback from this level happens, we should keep an eye on the nearest resistance at 1.0655 as an intraday bullish target.
The price is testing the downtrend, which is likely going to be broken in the coming hours. So, the main intraday target is a support at 1.0588 – 1.0578. If we see a pullback from these levels, bulls will probably try to achieve the closest resistance at 1.0594 – 1.0655.
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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...
