Today's Important News Events:
Date Time (UTC) Event Forecast Previous
Tue Apr 17
AUD Reserve Bank Board April Minutes
GBP Consumer Price Index (YoY) (MAR)
GBP Core Consumer Price Index (YoY) (MAR)
EUR Euro-Zone Consumer Price Index - Core (YoY) (MAR)
EUR Euro-Zone Consumer Price Index (YoY) (MAR)
EUR German ZEW Survey (Economic Sentiment) (APR)
Plenty of news coming out of Europe today, but nothing too earth-shattering in our opinion and we will continue with business as normal. The pair has been making nice, large up and down swings - perfect for our swing trade style which paid off yesterday across the pairs we trade.
With a potential bullish flat formation being formed on the 4h charts we will look to take an aggressive long on a resistance break to start our day, while also looking for reasons to get short if a rising support forms and is broken.
Trading Idea: We are looking to get long on a resistance break (pro email signals will be sent out) with targets at 20/20/20/25 for 85 pips profit. As mentioned above we will look to close and get short if a support line forms and is broken.