Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD looking for a bullish consolidation
2019-11-11 • Updated
EUR/NZD has been doing a retracement from the highs of May 15th and it’s challenging the Fibonacci area of 65% at 1.7073, where the bulls are trying to push higher to the pair in order to ride the overall structure. It should provide the enough momentum to go for a breakout above 1.7292. If that happens, then the focus will shift to the Fibonacci area of -23.6% at 1.7371. However, if the lows from May 17th give up, then it can plummet towards 1.6955.
RSI indicator stays slightly in the neutral territory.
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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...
