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.
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
Oil Prices Plunge On Falling Fuel Demand Concerns
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
Bitcoin 2024: The Story Is Cyclical
In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…
Will NFP Be Positive for the US Dollar?
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...
