US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
GBP: the countdown
2020-12-11 • Updated
All parties involved in the Brexit process are now openly admitting that the most probable scenario is a no-deal end of the story. Ursula von der Leyen, Boris Johnson, other country leaders – most say bridging the UK to the EU is now quite unlikely. There are three days to go, still. We’ll see, maybe Sunday will shine at us with a suddenly made deal.
In the meantime, the GBP is quite unwell. Against the USD, it lost all the gains of the last two weeks and moved down to 1.32.
Against the EUR… well, you see what’s happening. 0.90, 0.91, 0.92… If September highs above 0.92 get crossed, it’s only April’s resistance of 0.95 left ahead in the upside. Is it likely? Quite so. The situation is indeed pretty extraordinary. However, many observers comment that the no-deal Brexit has been factored in back in 2016 when the divorce was decided. We’ll see about that then, and so far, let’s stick to watching 0.92.
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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...
