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 next resistance
2019-11-11 • Updated
The upper side of the last triangle has been broken, so the price reached a resistance at 1.0739. Therefore, there’s an opportunity to have a downward correction in the direction of a support at 1.0701 – 1.0688. At the same time, if a pullback from these levels be on the table, bulls are likely going to test the nearest resistance at 1.0739 – 1.0759.
There’s a “Double Top” pattern. In this case, bears are likely going to test the nearest support at 1.0707 – 1.0698. If a pullback from this area happens, there’ll be an opportunity to have an upward price movement towards the next resistance 1.0739 – 1.0759.
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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...
