US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
GBP/USD gaps higher on Brexit optimism
2020-12-14 • Updated
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
Fibonacci Levels
XAG/USD: Silver consolidates above 38.2% retracement area since Friday. There is indecision between bulls and bears.
European Market View
European stock markets are seen opening mixed Monday, with investors adopting a cautiously optimistic stance after Brexit negotiations were extended past the Sunday deadline. Asian equity markets began the week with a mild positive bias and US equity futures were also underpinned following constructive headlines over the weekend. Looking ahead, highlights include US Electoral College Voting, OPEC MOMR, ECB's Panetta, Schnabel. Elsewhere, the U.S. Food and Drug Administration granted authorization of the Pfizer/BioNTech Covid-19 vaccine late last week. The U.S. will see its first deliveries of the drug starting this week.
There is also the possibility of additional fiscal stimulus in the U.S. with a bipartisan bill for a $908 billion Covid-19 relief package set to be introduced in Congress later in the day.
EU Key Point
- US lawmakers set to unveil two-part relief plan
- EU's Barnier on Brexit supports that two conditions remain unresolved
- US COVID Deaths rise by 1391 on Sunday to 299,489
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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...
