EURUSD - Fridays Impulsive Move
Updated
If Fridays Impulsive move carries on we should see the EURUSD testing the late October swing high around 1.0050
This would also encourage the GBPUSD to continue higher today as well as the EURJPY higher.
If we don't get a breakout higher in the London session, my hope is that we reverse and continue with the previous downtrend possibly after a spike high on Tuesday.
Mid-Term congressional elections in the USA will dominate the news cycle, with the 10th delivering the latest US CPI figures. So I am not holding out much hope for a big move all week.
This would also encourage the GBPUSD to continue higher today as well as the EURJPY higher.
If we don't get a breakout higher in the London session, my hope is that we reverse and continue with the previous downtrend possibly after a spike high on Tuesday.
Mid-Term congressional elections in the USA will dominate the news cycle, with the 10th delivering the latest US CPI figures. So I am not holding out much hope for a big move all week.
Note
Note
Trade closed manually
closing for the end of the day. There is political risk in the markets around the election, so no point in giving back all these profits and there is always tomorrow to try again.Note
EURJPY Note
GBPUSDTrade closed: target reached
Will come up with a fresh idea
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