All Eyes on Brexit, but Don’t Forget Oil

March 12, 2019

All Eyes on Brexit, but Don't Forget Oil

In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we have all eyes on Brexit, but don’t forget oil.

Brexit is the most important fundamental event of the week if not a month. Tonight, we will see a second vote on Theresa Mays Brexit deal. This is nearly the same deal that was voted down comprehensively last time around. So what has changed?

In reality, not an awful lot has changed. It is very likely that the deal will be voted down again unless May can come up with something in the few hours remaining before the vote. As a result, from a trading perspective, we have identified a strong break opportunity to the downside in the EURGBP below 0.8525. Elsewhere, it is important to keep a close eye on the USOil Market. A break above the consolidation high of 57.88 would constitute another high probability trade to the upside.

All Eyes on Brexit, but Don’t Forget Oil – Full Video Analysis

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