2019-11-11 • Updated
On the EUR/USD daily chart, quotes returned to the border of the upward trading channel. There is the diagonal support. If the bears manage to test it, the update of the April low will open the way towards 1.046 and 1.0405. To regain control over the pair, the bulls will need to raise the euro above 1.0695.
On the EUR/USD hourly chart, there was an unsuccessful return of quotes to the consolidation range of 1.0635-1.0685. Bulls showed their weakness having failed to consolidate there. As a result, a triangle was formed. A breakout of its lower border near 1.0595 will increase the risk of continuation of the downward movement.
Recommendation: SELL 1,0595 SL 1,065 TP 1,046.
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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...
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