Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "V-Bottom" pushing the price higher
2019-11-11 • Updated
The price is consolidating under a resistance at 1.0828. Therefore, the market is likely going to achieve the next resistance at 1.0850 in the short term. If a pullback from this level happens, there’ll be an opportunity to have a bearish correction towards a support at 1.0797 – 1.0774.
We’ve got a consolidation, which is taking place between the 34 Moving Average and the nearest resistance at 1.0828. Also, we’ve got a “Thorn” and “V-Bottom” patterns, so bulls are likely going to reach a resistance at 1.0850 during the day. Considering a pullback from this level, we should keep an eye on the closest support at 1.0774 as a possible bearish target.
Similar
SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
EUR/USD Hit All Targets
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
Latest news
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...
