Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
EUR/USD gets ready for a breakout
2019-11-11 • Updated
SELL 1.1155; TP 1.11; SL 1.1170
BUY 1.1255; TP1 1.1295; TP2 1.1340; SL 1.1235
EUR/USD is consolidating in a sideways horizontal range with a slight bearish bias. Consolidations like this are always followed by breakouts. It’s necessary though to put the entry levels at a reasonable distance from the current price so that a slightly broader consolidation doesn’t accidentally trigger the order.
Although EUR/USD rebounded from support in the 1.11 area last week, the 100- and 50-day MAs in the 1.1220/40 area seem like a hard obstacle for bulls. An advance above the last week’s high (1.1250) is needed to open the way for a bigger bullish correction. The downside, on the other hand, is guarded by 1.1160.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
Whenever inflation exceeds 4% and unemployment falls below 5%, the US economy enters a recession in two years.
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!