Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CHF broke key resistance level 1.1620
2019-11-11 • Updated
- EUR/CHF broke key resistance level 1.1620
- Next buy target - 1.1700
EUR/CHF recently broke through the key resistance level 1.1620 (which reversed the price multiple times at the start of June as can be seen from the daily EUR/CHF chart below). The breakout of this resistance level continues the active minor impulse wave (iii) of wave C – which belongs to ABC correction (B) from May. EUR/CHF is expected to rise further toward the next buy target at the next resistance level 1.1700.
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
Best Instruments to Trade This Week
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
European Currencies Ahead of the Banks' Statements
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
Will the FOMC Surprise the Markets?
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
