Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish 'Tweezers' and 'Engulfing'
2019-11-11 • Updated
There're bearish patterns such a 'Tweezers' and an 'Engulfing', so the market is likely going to test the nearest support at 1.1381 by the middle of the last advance. The subsequent pullback from this level could lead to another bullish price movement towards the next resistance at 1.1478.
The market is still consolidating above the Moving Averages. Also, we've got a bearish 'Engulfing' pattern, which has been confirmed. In this case, it's likely that the price is going to achieve the previously tested support at 1.1381 in the coming hours.
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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...
