Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish "Thorn"
2023-11-24 • Updated
All Moving Averages have been broken, so bears achieved a support at 1.0639, which pushed the price to a resistance at 1.0678. Therefore, bulls are likely going to test a resistance area between the level 1.0705 and the 55 Moving Average. If a pullback from these levels happens, there’ll be an opportunity to have another decline towards a support at 1.0655 – 1.0594.
We’ve got a pullback from a resistance at 1.0678, so the market is likely going to reach the nearest support at 1.0655 – 1.0639. However, if we see a pullback from this area, bulls will probably try to deliver a new local high.
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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.
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