Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 89 MA acted as resistance
2019-11-11 • Updated
The 89 Moving Average has acted as resistance, so the price is consolidating. Nevertheless, the pair is likely going to test the next resistance at 1.1848 - 1.1860 in the short term. If a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction towards the nearest support at 1.1793 - 1.1772.
The price is consolidating between the levels 1.1822 - 1.1793. The main intraday target is the closest resistance at 1.1848 - 1.1860. However, if we see a pullback from these levels, bears will probably try to achieve another support at 1.1822 - 1.1793.
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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...
