Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CHF daily up channel
2019-11-11 • Updated
- EUR/CHF daily up channel
- Next sell target - 1.1450
EUR/CHF continues to fall after the recent breakout of the support trendline of the daily up channel from the end of May (which has enclosed the previous medium-term impulse wave (1)). The breakout of this up channel accelerated the active short-term impulse wave C of the medium-term ABC correction (2) from June. EUR/CHF is expected to fall further toward the next sell target at the next round support level 1.1450 (which reversed the price sharply in May).
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
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...
