After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
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.
After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?
All eyes seem to be on the US Dollar as traders await the Federal Reserve Chair's speech this Thursday at the Cato Institute's Annual Monetary Conference.
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