US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
EUR/CHF: back down into the channel
2020-12-09 • Updated
EUR/CHF got down into the range of 1.0780-1.0790 breaking the four-week support. Therefore, the euro is becoming weak. Or, is it?
On a larger scale, EUR/CHF is just coming back down to the media it has been revolving around since the beginning of summer. As you can see on the daily chart below, the channel between 1.0730 and 1.0780 contains most of the currency pair’s movement, with outbreak down and up on the way. Therefore, go further below 1.0780 may be considered as a “normal” scenario for EUR to stabilize against the CHF tactically, in the course of a larger upward correction after EUR/CHF hit the lows of 1.05 when the virus hit. So, prepare your support levels!
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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...
