Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: confirmed 'Double Bottom' pattern
2019-11-11 • Updated
The main trend is still bearish, but there's a 'Double Bottom' pattern, so the pair is likely going to test the nearest resistance at 1.1661 - 1.1717. A pullback from this area could be a departure point for another decline.
We've got a 'Double Bottom', which has been confirmed, so the market is rising. It's likely that the price is going to test the closest resistance at 1.1699 - 1.1717 in the coming hours. If a pullback from these levels forms little later on, bears will probably try to deliver a new local low.
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USD: Powell Speaks on Cutting Interest Rates
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...
