Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bulls going to test 7/8 MM Level
2019-11-11 • Updated
As we can see on the Daily chart, wave 1 has been ended on 1/8 MM Level. Therefore, if a pullback from 7/8 MM Levels happens, there'll be a sign that wave 2 may have finished. If so, we should keep an eye on 4/8 MM Level as the next bearish target.
There's a developing double zigzag in wave 2. It seems like a bullish impulse in wave (c) of [y] is going to end in the coming hours. The main intraday target is 7/8 MM Level, which could be a departure point for wave (i).
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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...
