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Nov. 11, 2019 Newsletter
November 12, 2019
Everyone is back to work today after the U.S. Holiday. Thanks to all of the Veterans for their service. And here is what is going on...
EURUSD - European economic releases have given their markets a lift. The EURUSD made a newer move Low by only a few pips this morning. The Bears are having a hard time pressing this move. A bullish turn around is on the menu.
GBPUSD - Initially this market was leaning on Support to start the session. Now it appears that the Bulls are trying to grind this currency higher. A rally above 1.2900 has the potential to build as the GBPUSD momentum tries to make a play for the 1.2963 Resistance target. A failure from 1.2800 pulls the rug out from a downward spiral that targets 1.2688.
USDJPY - This market looks like it is running out of gas. A test of Support is the call today. Key off of the DXY today to help signal direction. The USDJPY seems to be in line with the Dollar Index.
Trade Of The Day To Watch ForEURUSD - Fade the slide. Bullish plays.
Nadex Binary Option Plays:
EUR/USD > 1.1025EUR/USD > 1.1075EUR/USD > 1.1125
EURUSD Buy in the range of 1.1035 down to 1.1000. Protective Stop at 1.0975. Upside Target of 1.1122.
EURUSD Buy in the range of 1.1050 down to 1.1020. Protective Stop at 1.1000. Upside Target of 1.1145.
*Remember these are illustrative ideas.
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