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EUR/USD: short-term trade idea

EUR/USD: short-term trade idea

Information is not investment advice

On the H1, you can see that EUR/USD formed an inverted “Head and Shoulders” pattern. As long as the price is above the neckline and the 50-week MA in the 1.1178 area, it will retain the chance to get up to the 1.1215/40 area. The slide below 1.1170 can lead to a correction to the lower levels in the 1.1145 and 1/1125 areas. Still, the uptrend since the end of November is still in place, so buying is potentially a less risky and more profitable option.

EURUSDH1.png

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Gold: short-term trade ideas

Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.

Is gold ready to shoot up?

Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.

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