Swing Trading ideas - page 38

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Trade the crude oil market.
 
CAD news in  hour
 
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EURUSD dropped sharply from 1.1472 and is now facing the support of the bullish trend line on the 4-hour chart. A breakdown below the trend line support would indicate that the upside movement from 1.1215 had completed at 1.1472 already, then the pair would find next support level at around 1.1280. Resistance is at 1.1430, only a break of this level could trigger another rise towards 1.1600.
 
EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.1472 could be treated as consolidation for the uptrend from 1.1215 and a breakout of 1.1425 resistance could trigger another rise towards 1.1500. Key support is at 1.1358, only a breakdown below this level would confirm that the upside movement had completed at 1.1472 already, then the pair would find next support level at around 1.1280.
 
good analysis for eurusd, how about gbpusd, what do you think of gbpusd forecast to be, up or down?
 
UK PM May: Text Of Brexit Declaration Has Been Agreed, Will Update Parliament On Declaration Later Today
 

good ideas and useful

thanks alot and good luck

 
Thanx all  
 
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.1215. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.1500 area. Key support is at 1.1358, a breakdown below this level would indicate that the upside movement is complete, then deeper decline to 1.1280 area could be seen.
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