Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
EUR/USD reached buy target 1.1800
2019-11-11 • Updated
- EUR/USD reached buy target 1.1800
- Next buy target - 1.1900
EUR/USD continues to rise after the recent breakout of the resistance zone lying at the intersection of the resistance level 1.1800 (previous buy target) and the resistance trendline of the daily up channel from the start of April. The breakout of this resistance zone should accelerate the active minor impulse waves (v) and 5. The breakout of this resistance zone should add to the bullish pressure on this currency pair. EUR/USD is expected to rise to the next buy target at the next resistance level 1.1900 (target price for the completion of the active impulse 5).
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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.
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