Good morning traders.
Technical outlook I posted last night:
At 08:30 EST there is a list of medium/high impact economic data coming out from the US which includes:
Collectively this data could bring in great volatility. Going into the holiday weekend there will be significantly less liquidity in the market, therefore it will take far less to move the markets than it normally would. I will be waiting until after the news comes out and the volatility settles to look for trading opportunities.
IF after the news EURUSD rallies up into the 1.05 zone but remains below 1.052 I will be looking to get short. As always I will be using a 30-40 pip stop loss and look to get whatever I can on the profit side. Not the next key level of support below at 1.0335.
Enjoy!
Technical outlook I posted last night:
At 08:30 EST there is a list of medium/high impact economic data coming out from the US which includes:
- Chicago Fed National Activity Index (Nov)
- Initial Jobless Claims (December 16)
- Gross Domestic Product Price Index (Q3)
- Personal Consumption Expenditures Prices (QoQ) (Q3)
- Durable Goods Orders (Nov)
Collectively this data could bring in great volatility. Going into the holiday weekend there will be significantly less liquidity in the market, therefore it will take far less to move the markets than it normally would. I will be waiting until after the news comes out and the volatility settles to look for trading opportunities.
IF after the news EURUSD rallies up into the 1.05 zone but remains below 1.052 I will be looking to get short. As always I will be using a 30-40 pip stop loss and look to get whatever I can on the profit side. Not the next key level of support below at 1.0335.
Enjoy!
Comment:
Pending order to get short at 1.051 hopefully I get filled.
Comment:
Well didn't get filled and doesn't look like price will get back up to 1.051. I was dead right just had my entry too high unfortunately. I hope some of you traders got in!
