Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Pennant' pattern pushed the pair lower
2019-11-11 • Updated
Bears faced with support at 1.1530, so there's an opportunity to have an upward correction. In this case, we should keep an eye on the nearest resistance at 1.1599 - 1.1616 as an intraday target. A pullback from this area could be a departure point for another decline.
The last 'Pennant' pattern pushed the pair lower. However, there's a 'V-Bottom', so the market is likely going to test the closest resistance at 1.1572 - 1.1599. If a pullback from these levels forms next, there'll be a moment to have a downward price movement towards the next support at 1.1518 - 1.1508.
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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...
