EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CAD reversed from long-term support level 1.4830
2019-11-11 • Updated
- EUR/CAD reversed from long-term support level 1.4830
- Next buy target - 1.5000
EUR/CAD continues to rise following the previous upward reversal from the long-term support level 1.4830 (which also reversed the price with the daily Morning Star in January, as can be seen below). The previous upward reversal from the support level 1.4830 created the daily Japanese candlesticks reversal pattern Piercing Line. EUR/CAD is expected to rise further toward the next buy target at the next round resistance level 1.5000 (former support from the start of August).
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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...