Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "V-Top" pattern led to decline
2019-11-11 • Updated
The price faced with resistance at 1.1821, so there's a "V-Top". Therefore, the pair is likely going to test the 55 Moving Average in the short term. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1742 - 1.1767.
The 89 Moving Average is acting as support, but bears are likely going to reach another support at 1.1724 - 1.1689. This area could be a departure point for a bullish price movement in the direction of the closest resistance at 1.1742 - 1.1767.
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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...
