Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price broke the "Wedge"
2019-11-11 • Updated
The price has broken the upper side of a "Wedge" pattern. So, the market is likely going to test the nearest resistance at 1.1846 - 1.1875 in the coming hours. If a pullback from these levels happens, there'll be an opportunity to have a decline towards the 34 Moving Average.
All the Moving Averages lines have been broken, so the price is consolidating. It seems like we've got a developing "Flag" pattern. In this case, we should keep an eye on the next resistance at 1.1823 - 1.1845 as an intraday bullish target.
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USD: Powell Speaks on Cutting Interest Rates
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...
