Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD reached buy target 1.0870
2021-11-11 • Updated
- EUR/USD reached buy target 1.0870
- Next sell target - 1.0670
EUR/USD continues to fall after the earlier downward reversal from the resistance zone lying between the resistance level 1.0870 (previous buy target), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from November. The downward reversal from this resistance zone stopped the earlier minor impulse wave 3.
EUR/USD is expected to fall further to the next sell target at the support level 1.0670 (former resistance level from February, acting as support after it was broken previously).
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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...
