Forex Trading EURUSD H4 (13 Nov 2018)
EURUSD has broken the 1.1300 support after the price is rejected at 61.8% Fib level and is currently trading around 1.1243.
Let’s check forexfactory to see if there are any high impact news (red) for the day. Note: Time is GMT (+8).
As can be seen from the above calendar, there are no USD related high impact news for the rest of today. However, if you have GBP or AUD positions, do take care of those positions.
Today’s trade plan will be looking for short opportunity around 1.1300 and long opportunity around 1.1200 area. Since EURUSD is still a downtrend, long position will only be looking for around 15 to 30 pips profit.
The forex scanner will come in handy today for short term day trade, filtering all 34 forex pairs, screening up to hourly time frame.
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