Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Pennant' pushed the pair higher
2019-11-11 • Updated
There's a 'V-Bottom', so the price is rising. The main intraday target is the next resistance at 1.1710 - 1.1726. A pullback from these levels could be a starting point for a decline in the direction of the closest support at 1.1623 - 1.1607.
The last 'Pennant' pushed the pair higher. However, there's a 'V-Top' pattern, so the market is likely going to test the 89 Moving Average. A pullback from this line could be a starting point for another bullish rally.
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
Can USD Recover?
The EUR/USD pair is making gains, approaching multi-month highs around 1.0960, driven by a weakened USD and Christine Lagarde's somewhat hawkish remarks before the European Parliament. Minor housing data from the U.S., specifically New Home Sales for October, came in below expectations but didn't significantly impact the pair. Lagarde, President of the...
Stock Market Rally. How Far Can It Go?
Global equities on Wall Street experienced a mixed session following the Thanksgiving holiday, heading for the most significant one-month rally since November 2020. MSCI's global shares index slightly eased but was still on track for an 8.5% monthly gain, fueled by growing investor confidence that U.S. interest rates...
OPEC Boosts The Oil Market
Brent crude futures is maintaining stability this Friday, with traders awaiting an OPEC+ meeting that might lead to further supply cuts. Brent crude was down 8 cents at $81.34 a barrel, following a 0.7% drop in the previous session.
