Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD reversed from resistance zone
2019-11-11 • Updated
- EUR/AUD reversed from resistance zone
- Next sell target - 1.4930
EUR/AUD has been under strong bearish pressure lately – after the pair failed to overcome the powerful resistance level 1.5225 (which is the upper boundary of the strong resistance area which has been reversing the pair from the start of June, as can be seen below). This resistance area was further strengthened by the upper daily Bollinger Band. EUR/AUD is expected to fall further to the next sell target at the next support level 1.4930 (low of wave (ii)) – the breakout of which can lead to further losses toward the next sell target at 1.4800.
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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...
