Recap: No resistance breaks yesterday means no trade was taken. After yesterday’s signal the pair spent the next 20 hours slowly consolidating upward. This upward consolidation has produced a nice support line on the 4h charts and we will look to take advantage by getting short on a support break today.

Today’s Important News Events:

DateTime (UTC)EventForecastPrevious
Thu
Sep 27
07:55EUR German Unemployment Change (SEP)10K9K
 08:30GBP Gross Domestic Product (QoQ) (2Q F)-0.5%-0.5%
  
 08:30GBP Gross Domestic Product (YoY) (2Q F)-0.5%-0.5%
  
 12:30USD Gross Domestic Product (Annualized) (2Q T)1.7%1.7%
  
 12:30USD Gross Domestic Product Price Index (2Q T)1.6%1.6%
  
 12:30USD Durable Goods Orders (AUG)-5.0%4.2%
  
 *To see a more extensive list of news events (not just those we consider important), visit our forex calendar.
 

Trading Idea: We will look to get short on a support break today with targets at 80 pips profit. We will also get long on a resistance break with the same targets, but we will be cautious close on a false break and move our SL early and often.

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