Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: Morning Star pushing price higher
2023-05-09 • Updated
The price has been rising since the lower "Window" acted as support. Also, we don't have any reversal pattern so far, which mean the pair could test the upper "Window" soon. If we see any bearish pattern on this level, there'll be an opportunity to have a correction.
We've got a "Morning Star", which has been confirmed, so the price is moving up. At the same, there's a chance to have a local correction towards the nearest support level. Anyway, we are likely going to see the price even higher in the coming hours.
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
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...
