In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we advise you to keep a close eye on EURUSD.
We appreciate that EUR and USD have their own issues right now, but we have identified a strong high probability technical trade which we will be looking closely at for the day ahead. The reasons for selecting this trade are purely technical. On the 9th January, we saw a strong explosive move to the upside, breaking out above a 3 month ascending triangle.
Afterward, we saw the typical pull back to the lower ascending support level where we see consolidation. As a result, we like the look of a breakout above yesterday’s high of 1.1405.
Keep a Close Eye on EURUSD – Full Video Analysis
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