Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish "Flag"
2023-11-24 • Updated
Bears faced a support at 1.0571, so the price is consolidating. However, the market is likely going to achieve the next support at 1.0524 in the short term. If a pullback from this level happens, there’ll be an opportunity to have an upward correction towards a resistance at 1.0594 – 1.0655.
We’ve got a “Flag” pattern, so bears are likely going to test the nearest support at 1.0551 – 1.0524 during the day. At the same time, if we see a pullback from this area, bulls will probably try to deliver an upward correction.
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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...
