Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bears going to test nearest support
2019-11-11 • Updated
We've got a "Double Bottom", so the price tested resistance at 1.1204. Therefore, bears are likely going to test the nearest support at 1.1131 - 1.1108 in the short term. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1165.
There's a "Triple Top", which has been confirmed. In this case, the market is likely going to achieve the closest support at 1.1137 - 1.1131 during the day. If we have a pullback from these levels, bulls will have an option to reach resistance at 1.1165 - 1.1178.
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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...
