Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish 'High Wave' and 'Evening Star'
2019-11-11 • Updated
There're bearish patterns such a 'High Wave' and an 'Evening Star', which both have been formed on the 55 Moving Average. It's likely that the pair is going to test the nearest support at 1.1319 soon. If a pullback from this level forms next, there'll be a moment to have a bullish price movement to 1.1385.
We've got a new 'Window'. Also, there's a 'High Wave' pattern above the Moving Averages, so the market is likely going to test the closest support at 1.1319 within the next few hours. Meanwhile, a pullback from this level could lead to an upward price movement towards the previously tested resistance at 1.1385.
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USD: Powell Speaks on Cutting Interest Rates
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...
