EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD reaching an extreme zone in the bullish bias
2019-11-11 • Updated
EUR/AUD is currently strong in the bullish bias for the short-term and price action remains above the 200 SMA at H1 chart. So far, according with our Fibonacci projection, the pair could target the range between the 1.5114 and 1.5189 levels, at which is located the 100% Fibonacci expansion level and it’s the duplication of a cycle started in June 20th.
The RSI is confirming our scenario that the pair has reached an upside extreme and eventually we can start to see pullbacks to take place.
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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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