In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we see more upside for US Indices, Euro and Gold.
The US Indices are clearly benefiting from positive reports regarding a COVID-19 vaccine. Additionally, the Euro is benefiting from a massive COVID-19 recovery package. The terms of the package must still be decided upon, that is, whether it will be distributed in the form of a grant or a loan or most likely a combination of the two. Finally, Gold is benefiting from the overall global concerns about another wave and the economic fallout of such an event.
As a result, we have identified and few high probability buying trades which are as follows:
- S&P 500 above 3260
- EURUSD above 1.1466
- EURJPY above 123.00
- Gold above 1820.68
More Upside for US Indices, Euro and Gold – Full Video Analysis
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