Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD: consolidation above a solid support
2019-11-11 • Updated
EUR/AUD remains trading around the Fibonacci zone of 61.8% at 1.5265, at which it’s expecting to find a strong rebound in order to allow further gains across the board. The ongoing consolidation could strengthen such bias and if it manages to break once again above the 200 SMA at H1 chart, the next short-term target would be the -23.6% Fibonacci level at 1.5514.
RSI indicator remains in the negative territory, but it’s close to the neutral territory.
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