Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Shooting Star' led to a new local low
2019-11-11 • Updated
There's a 'Shooting Star', which led to a new local low. However, there's an opportunity to have a local upward correction in the coming hours. However, if a pullback from the nearest resistance at 1.1588 forms next, bears are going to test another support at 1.1500.
We've got a bullish 'High Wave', which hasn't been confirmed yet. So, the market is likely going to test the closest support 1.1532 once again. A pullback from this level could be a starting point for an upward correction.
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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...
