Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/GBP reversed from support area
2019-11-11 • Updated
- EUR/GBP reversed from support area
- Next buy target - 0.8860
EUR/GBP recently reversed up from the support area lying between the powerful support level 0.8740 (which has reversed multiple downward corrections from June as can be seen below) and lower daily Bollinger Band. The upward reversal from this support area stopped the previous minor impulse wave 3. EUR/GBP is expected to rise to the next buy target at the next resistance level 0.8860.
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone