Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish "V-Bottom"
2019-11-11 • Updated
The 89 Moving Average has acted as support, so we've got a bullish "V-Bottom". Therefore, the market is likely going to reach the 34 MA in the short term. If a pullback from this line happens, there'll be an opportunity to have a decline towards the next support at 1.1131 - 1.1108.
The Moving Averages are acting as resistance. However, there isn't any bearish pattern, so the pair is likely going to continue moving up in the direction of the closest resistance at 1.1193 - 1.1204. If we see a pullback from these levels, bears will have a green light to get support at 1.1118 - 1.1108.
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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...
