Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Triple Top" pushed price lower
2019-11-11 • Updated
We've got a "Triple Top", which has been confirmed, so the price is consolidating between the 34 & 55 Moving Averages. Therefore, bears are likely going to test the nearest support at 1.1160 - 1.1108 in the short term. If we see a pullback from this area, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1267 - 1.1287.
The price was consolidating between the levels 1.1278 - 1.1204, but then bears reached the 89 Moving Average. Also, there's an option to have the price even lower, so we should keep an eye on the next support at 1.1161 - 1.1137 as an intraday target. If a pullback from these levels happens, bulls will have a chance to achieve the nearest resistance at 1.1204.
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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...
