Forecast – SIDEWAYS

Date Posted:       6 Jan 2020

Currency Pair:     EURUSD

Current Trend:    SIDEWAYS

Forecast Move:  SIDEWAYS

Key Tech Levels:    1.1110/1.1230

Potential Opportunity

Trade Action:   RANGE TRADE

Entry Levels:

Sell Rallies     1.1230

Buy Dips        1.1110

Chart & Forecast Details

The Euro had a nice run up to 1.1230 during the Xmas/New Year break but it’s now back to reality as full liquidity comes back into the market. It’s currently sitting right in the middle of the range and I can’t see any reason for it to break this range until Friday’s US Non-Farm Payroll data is released. The good thing is we have entry levels on the top and bottom.

Key Trade Day: Friday 10th Jan – NFP Payroll Change

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

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