THIS IS THE MORNING EDITION OF MY DAILY TRADING SIGNALS - PUBLISHED 5 GMT
Good morning dear traders,
Do you also see what I see when you look at the EURUSD chart? According to my opinion the crosspairs loses the gains of last days again.
A short study of the crosspair into the past led me to a value of about 1.1632. Impossible? I´m not so sure as the crosspair already touched this level several times in the last years.
But let´s wait and see.
Also GBPUSD had some losses yesterday and did not come out of its sideways range.
Profit of the day: 87 pips
Despite good news from Europe the downward trend in EURUSD proceeded, as there have been new sorrows about Spain or Korea.
Thus, the common tenor of the day was „downward.
EXPECTATIONS FOR TODAY´S TRADING DAY
Here the most important news for today (all times in GMT):
06:00 Germany - GfK Consumer Confidence Survey 12:30 USA - Durable Goods orders 14:00 USA - New Home Sales
I´d rather expect more volatility in the afternoon of today.
TRADING CHANCES FOR TODAY
EURUSD won new strength over night and compensated losses from yesterday.
Long @ 1,2370 Take-Profit @1.2415-40 Stopp-Loss @ 1.2335
Short @ 1.2255 Take-Profit @ 1.2190-1,2175 Stopp-Loss @ 1.2295
Also GBPUSD could win some pips over night.
Long @ 1.4430 Take-Profit @ 1.4465-1.4495 Stopp-Loss @ 1.4405
Short @ 1.4350 Take-Profit @ 1.4305-1.4270 Stopp-Loss @ 1.4385 Always take care of your stop management and consider your money and risk management.
TRADING TIP OF THE DAY
„How many charts do you have open on your desktop? Or how many screen do you watch? Never loose your survey with a „Too Much. Always think that also in trading „Less can be more.
I wish you a perfect start into the new trading week. All the best