Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish 'Three Methods'
2019-11-11 • Updated
There's a bullish 'Three Methods', so the pair is rising. However, the 89 Moving Average acted as resistance, which means there's an opportunity to have a downward correction. Even so, if a pullback from the nearest support at 1.1764 happens next, there'll be a moment to have another bullish price movement.
We've got a bearish 'Harami', but confirmation of this pattern is quite weak. So, the nearest resistance at 1.1833 is likely going to be tested once again. A pullback from this level could be a starting point for a decline towards the closest support at 1.1764.
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USD: Powell Speaks on Cutting Interest Rates
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...
