Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
EURUSD is ready to rise
2019-11-27 • Updated
On the H1 chart of EURUSD, the euro is testing the support level of 1.1004 that was formed on Monday. At the same time, the price has touched the lower band of the Bollinger Band indicator and is showing signs of bouncing upwards. The bullish reversal is confirmed by the RSI and the Stochastic Indicator. The RSI stepped into the oversold zone and crossed the 30% bottom-up. The Stochastic Indicator’s fast line crossed the slow one in the same manner within the oversold zone. That presents a good opportunity to open longs. The resistance levels for this scenario may be placed at 1.1022 and 1.1030. The bearish direction may have an additional support level at 1.0988.
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Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...