Here are today’s Trading views and Ideas for the day ahead.
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UK services composite PMI August — 0830 GMT.
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Good morning traders
Updates:
EURUSD long from 1.1533 – Balance hit my trailing stop at 80 earlier this morning
EURCHF long from 1.1260 – Took a small slice off yesterday – holding the rest
I took a USDJPY short at 111.48 with a very tight stop at 55 yesterday, just playing the high. That was stopped overnight.
USDMXN & USDCNH shorts still in the slowcooker.
Today’s going to be about seeing whether yesterday’s moves were built on anything solid or on quicksand. right now it looks like the latter as we’re seeing drops all the pairs that rallied yesterday.
As Dubsy notes, UK services is the main data point this morning and we do get the same from Europe too. The big event in the US day is the BOC at 14.00 GMT.
Good luck.
Eur/Usd Play the options range for today and tomorrow. Approaching the buy area now
https://uploads.disquscdn.com/images/554229cfd65c9ddca37dc9fccc862f8ddd91dafa982a2379cc9bcff932cd8228.png
Weekly and monthly E/U still looks bearish, this is only for short term. Limit your risk.
You’ve got the well defined levels Suel.