Hello traders good to be back with you on another Monday the beginning of a new trading week as the markets remain I would say unstable with Brexit 9 trading days away. I am looking today at the EURUSD as I do on most Mondays and we are so bearish on this pair so my bias is to sell this. So the plan will be to sell this we can see on the chart we see that we have bounced off support at 1.1245. I have placed a Fibonacci tool on the chart and look for a retrace to the 38.2 level at the price of 1.1280 and it is also the 200 ema. I will look for a bearish formation with conformation for a day trade short. I am looking to take profit at the 1.1143 price level that is support. Traders we must be a day trader or scalp as the market is so fragile so we need to protect ourselves and our positions.
Thank you traders and we will talk soon…….William