Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: lower 'Window' acting as support
2019-11-11 • Updated
The lower 'Window' is acting as support. Previously, we had a 'Harami' pattern, which has been confirmed, so the price is likely going to continue declining. The main intraday target is the next support at 1.1296, which could be a starting point for an upward correction.
There's a bullish 'Hammer', but this pattern is unconfirmed. In this case, it's likely that the market is going to test the nearest resistance at 1.1365. If a pullback from this level happens little later on, bears will probably try to deliver a new local low.
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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...
