Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "V-Bottom" pushing price higher
2019-11-11 • Updated
The price faced support at 1.1066, so we've got a "V-Bottom" pattern. In this case, the market is likely going to continue moving up towards the next resistance at 1.1152 - 1.1171. However, if a pullback from this area happens, there'll be an opportunity to have a decline in the direction of support at 1.1103 - 1.1066.
There's a consolidation, which is taking place along the 34 Moving Average. Therefore, bears are likely going to test the nearest support at 1.1081 - 1.1075 in the coming hours. If we see a pullback from these levels, bulls will have a green light to reach resistance at 1.1152 - 1.1171.
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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...
