Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: main trend is still bullish
2019-11-11 • Updated
The main trend is still bullish, but the price is consolidating. It's likely that the price is going to continue moving up, so we should keep an eye on the next resistance at 1.2296 - 1.2322 as the next intraday target. If a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction.
The 55 Moving Average has acted as support, so the market is likely going to reach the closest resistance at 1.2296 - 1.2322 in the coming hours. Meanwhile, if we see a pullback from these levels, bears will probably try to test the nearest support at 1.2225 - 1.2194.
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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...
