In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we look at continued euro weakness and Oil higher trades.
Our approach is much the same as yesterday, however, we have seen selling across the board for the euro. So, if prices break below 1.0834, then we would be continuing to look for selling opportunities. The same can be said for the EURGBP below the recent low of 0.8272. Finally, in the EURJPY, that same level is 118.86.
It is also still worth looking at the USOIL market above $52.13. Yesterday’s price action initially saw this market sell-off but then buyers started to reassert themselves. Overall, it still could be a high probability trade to the upside if prices can break above 52.13.
Continued Euro Weakness and Oil Higher – Full Video Analysis
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