Turnaround in Optimism and USD Lower

Turnaround in Optimism and USD Lower

In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we examine the turnaround in optimism and USD lower if the opportunity presents itself.

Over the course of yesterday’s trading, we saw the optimism fade in the Equity markets as the coronavirus numbers and concerns began to grow once again. Over the last 24 hours, we have also seen the US Dollar weaken across the board. It is this weakness which is potentially giving us better opportunities.

The first market we are looking at is a buy trade in the EURUSD above yesterday’s high of 1.0927. Additionally, we are looking at the USDJPY market to the downside again below yesterday’s low of 108.66.

Turnaround in Optimism and USD Lower – Full Video Analysis

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