Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY targets fresh highs
2019-11-11 • Updated
EUR/JPY has been consolidating losses below the 200 SMA at H1 chart and it looks like the pair could travel towards the 50% Fibonacci level at 130.76, at which it can find strong resistance in order to strengthen the bearish bias across the board. If that happens, the pair could be on its way to reach the -23.6% Fibonacci target at 128.67, while a breakout over the 65% Fibo zone could open the doors to test the highs from February 28th.
RSI indicator stays in the positive territory, calling for another leg higher in the short-term.
Similar
SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
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?
