Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD rising inside minor ABC correction 2
2019-11-11 • Updated
- EUR/AUD rising inside minor ABC correction 2
- Next buy target - 1.5000
EUR/AUD continues to rise inside the c-wave of the minor ABC correction 2 which started earlier from the powerful support zone lying between the support level 1.4450 (which reversed the previous minor correction (iv) with the daily Morning Star in May, as can be seen below), lower daily Bollinger Band and the 50% Fibonacci correction of the previous primary ABC correction ② from February. EUR/AUD is expected to rise further to the next buy target at the next resistance level 1.5000.
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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...
