The Australian Dollar (AUD) rebounds on Monday, despite a slight dip in the US Dollar (USD) and higher US Treasury yields. Investors are eyeing Australian monthly Consumer Price Index (CPI) data for February and US Gross Domestic Product (GDP) for Q4 2023. The AUD gains momentum as the ASX 200 Index rises, especially in mining and energy sectors. Additionally, the Aussie...
EUR/USD: ideas for small trades
2019-11-11 • Updated
BUY 1.1410; TP 1.1440; SL 1.1400
SELL 1.1370; TP1 1.1345; TP2 1.1315; SL 1.1385
EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA). At the same time, there’s significant selling interest in the 1.1410/1.1440 area that has been limiting the upside since late October.
It seems that the market hasn’t made its mind yet about the future movement of the prices. As a result, it’s sensible to focus on small trades.
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