Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY targets fresh highs
2019-11-11 • Updated
EUR/JPY has been consolidating losses below the 200 SMA at H1 chart and it looks like the pair could travel towards the 50% Fibonacci level at 130.76, at which it can find strong resistance in order to strengthen the bearish bias across the board. If that happens, the pair could be on its way to reach the -23.6% Fibonacci target at 128.67, while a breakout over the 65% Fibo zone could open the doors to test the highs from February 28th.
RSI indicator stays in the positive territory, calling for another leg higher in the short-term.
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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...
