In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we focus on the Dollar pairs with USD strength on the rampage potentially.
EURUSD
The first trade that sticks out as the one to watch is the EURUSD. We have seen a few major support levels broken around the 1.1524-1.1540 level. The final level of support is currently being broken as we write this report. So, if price remains below the 1.1500 level we will be looking for opportunities to sell.
Gold
Additionally, the other market we are looking very closely at is Gold. This market is also Dollar correlated. So, we have the opportunity to sell this market from a resistance level at a higher price around the $1208 level. the level we will be looking very closely at now is yesterday’s low of $1197. If we see a break below this level we will be looking for continuation to the downside.
USD Strength on the Rampage? – Full Video Analysis
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