Forex Trading EURUSD H4 (26 Nov 2018)
EURUSD price is currently still trading below 1.1380.
As discussed last friday (Forex Trading EURUSD H4 (23 Nov 2018)), is it time to look for shorting opportunity?
Let’s take a look at forexfactory to see if there are any high impact news (red) today before making trade plans. Note: Time is GMT (+8).
As can be seen from the above calendar, European Central Bank President Draghi will be speaking about economy and monetary policy. This is a regarded as a high impact ( red) news and may cause much volatility for EUR currency.
With this piece of information, will need to stay on the side line for EUR pair today.
Also, note that GBP has a high impact (red) news coming up at 2:30am, hence will only look for short term trades of 10 to 40 pips for GBP pairs.
Forex scanner will come in handy today for short term day trades, filtering all 34 forex pairs, screening up to hourly time frame.
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