EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: consolidation under Moving Averages
2019-11-11 • Updated
There're bullish patterns such a 'Tweezers' and a 'Hammer', but both of them haven't been confirmed yet. So, the market is likely going to test the closest resistance at 1.1413 in the coming hours. The subsequent pullback from this level could lead to another decline towards the previously tested support at 1.1345.
The pair is still consolidating in a range of the 'Window' under the Moving Averages. It's likely that the price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out to a bearish rally in the direction of the next support at 1.1345.
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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.
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Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone