Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Hammer' under the Moving Averages
2019-11-11 • Updated
There's a possible bullish 'Hammer' under the Moving Averages. If this pattern confirms, the market is going to reach the closest resistance at 1.1429. A pullback from this level could be a starting point for a decline towards the previously tested support at 1.1345.
We've got a bullish 'Doji', but confirmation of this pattern is quite weak. In this case, we should keep an eye on the nearest resistance at 1.1429 as an intraday target. If a pullback from this level arrives little later on, there'll be a green light for another downward price movement towards 1.1345.
Similar
SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
EUR/USD Hit All Targets
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
Latest news
Best Instruments to Trade This Week
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
European Currencies Ahead of the Banks' Statements
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
Will the FOMC Surprise the Markets?
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
