In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we look at some big euro data plus black Gold.
It is important to note that we have a number of data releases impacting the German, French and European economies between the hours of 8 am and 9 am UK time. Additionally, we also have Christine Lagarde, the new ECB President, due to speak at the European Banking Congress in Frankfurt at some point in the morning also.
Both of these events can impact the Euro significantly from a fundamental perspective. However, if we look at the charts from a technical perspective, we will be looking for opportunities to sell the EURUSD below 1.1050. This trade leaves plenty of room to the downside.
Elsewhere, we have finally seen prices break higher in the Oil markets. As a result, we will be looking for opportunities to buy USOIL above 58.55.
Big Euro Data Plus Black Gold – Full Video Analysis
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