EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD reversed from key resistance level 1.4900
2019-11-11 • Updated
- EUR/AUD reversed from key resistance level 1.4900
- Next sell target - 1.4650
EUR/AUD has been falling in the last few trading sessions after the earlier sharp downward reversal from the key resistance level 1.4900 (which stopped the previous minor corrective wave B in November, as can be seen from the daily EUR/AUD chart below). The downward reversal from the resistance level 1.4900 created the daily Japanese candlesticks reversal pattern Shooting Star Doji.
Wit the daily Stochastic indicator still moving in the overbought area - EUR/AUD is expected to fall to the next sell target at the next support level 1.4650 (former resistance level which stopped the previous impulse wave 3 in April).
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...