Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Double Top" pushed price lower
2019-11-11 • Updated
We've got a "Double Top" pattern, so the price is consolidating. So, the market is likely going to decline towards the nearest support at 1.1139 - 1.1103. If a pullback from this area happens, we could have another bullish price movement towards the next resistance at 1.1287 - 1.1307.
The last "Double Top" pushed the price lower, so bears meet with support at 1.1171. Also, there's a "Flag" pattern, so the pair is likely going to get support on the 89 Moving Average. At the same time, if we see a pullback from this line, bulls will have an opportunity to reach the closest resistance at 1.1249 - 1.1267.
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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...
