Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: consolidation going to move on
2019-11-11 • Updated
The 21 Moving Average has acted as a support, but we still don’t have any reversal pattern so far. Therefore, the market is likely going to test the nearest resistance once again. If a pullback from this level happens, there’ll be an opportunity to have a decline in the direction of the lower “Window”.
We’ve got a pullback from the 89 Moving Average. However, there’s a bearish “Shooting Star”, but a confirmation of this pattern is a quite weak. In this case, we could have a local downward correction during the day. If a pullback from the Moving Averages happens, bulls will probably try to deliver a new local high.
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
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...
