Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: Monday's 'Window' acted as support
2019-11-11 • Updated
The Monday's 'Window' has acted as support, so the price is rising. It's likely that the pair is going to test the next resistance at 1.1429. If any bearish pattern forms on this level little later on, there'll be a moment for a downward correction.
There're a 'Hammer' and an 'Engulfing' patterns, which both have been formed on the last 'Window'. The main intraday target is the closest resistance at 1.1429. The subsequent pullback from this level could lead to the beginning of a bearish correction towards 1.1356.
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
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...
