EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Window" acting as support
2019-11-11 • Updated
There’s a support by the lower “Window”. Also, we’ve got a developing “Hammer”, but the last bearish “Three Methods” is still on the table. Therefore, the market is likely going to test the 144 Moving Average, which could be a departure point for another decline.
Bears have reached the “Window”. It’s likely that we’re going to have a “Harami” pattern during the day. If so, there’ll be an opportunity to have an upward correction in the direction of the 34 Moving Average.
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone