Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD finding strong resistance near 1.5700
2019-11-11 • Updated
The EUR/AUD pair is consolidating the price action below the 78.6% Fibonacci level at 1.5708, which should help to strengthen such area in the short-term, in order to help the sellers to take the control from there. The pair is also making a rebound from the 200 SMA and it should help to make another leg higher, but we do expect a decline towards the 1.5480 level, at which a breakout should open the doors to test the Fibo target of -23.6% at 1.5412.
RSI indicator remains in the positive territory, favoring to the bulls.
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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...
