In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we are taking a look at continuing strength in USD. Although a number of opportunities exist when looking at the US Dollar, we want to prioritise the higher probability trade setups wherever possible.
EURUSD
Firstly, we are looking at the EURUSD, with a potential continuing push lower if it breaks below yesterday’s low of 1.1360. Please note that we do have to negotiate the 1.1300 as a significant level of support if the price gets down to this level. So, be careful of buyers entering the scene at that point.
GBPUSD
The next market, unsurprisingly, is the GBPUSD. With all of the ongoing Brexit/Budget saga going on, we do think the GBP will be put under continuing pressure. The level we are looking at for a continuing break lower is last weeks low of 1.2777. If we break this level, the next level of support kicks in around the 1.2660 level.
USDCAD
The final USD market is the USDCAD. With this market, we are actually focusing on a break above last week’s high of 1.3159. There is a nice move higher expected, but only if we get that confirmed break.
Continuing Strength in USD – Full Video Analysis
So, interested in learning how to consistently make money trading these financial markets and accessing over 76 LiveTradeRooms per month? You can now join us for as little as £9.99 per calendar month. It is a membership with no contract and you can cancel anytime. With such a low price point for professional trading mentorship, you have absolutely nothing to lose!
To make it easier for you, for a limited time, we will gladly give you a 14 Day Free Trial. You will get the opportunity to experience what we have to offer before paying the small membership fee. CLICK HERE TO GET STARTED.
