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 nearest resistance
2019-11-11 • Updated
The price is still consolidating between the levels 1.0629 – 1.0678. Considering a possible reversal pattern, the market is likely going to test the nearest resistance at 1.0732. If a pullback from this level happens, there’ll be an opportunity to have a decline towards a support at 1.0655.
We’ve got a pullback from a support at 1.0629, so a “V-Bottom” pattern has been formed. In this case, bulls are likely going to reach the 89 Moving Average during the day. However, if a pullback from this line happens, bears will probably try to achieve the nearest support at 1.0655 – 1.0639.
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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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