Today’s Trading Plan – EUR/GBP, NZD/USD, AUD/NZD

*Good morning/afternoon everyone!*

Sterling is on a tear this morning having broken 1.3000 on the back of HOT retail sales numbers. There’s no major resistance until 1.3050 and we think the pair will test/break that level. The U.S. dollar remains weak, the selling appears to have stalled but the US session isn’t in full swing so 110 could still be tested. The commodity currencies are weaker across the board and should continue to underperform their European counterparts. The Philly Fed index is due for release today but the greater focus could Fed President Mester’s comments on the economy and monetary policy

*The MAIN THEMES I see today are*

EUR,GBP strength
USD weakness
comm dollar finding support

*Currencies we plan on day trading and the direction*
*These could change during the day, but for now

We will be trading around these themes --

+EUR, +CHF
+GBP
-USD
+CAD
-NZD

*Trading Biases*
These will change after US data

+EUR, +GBP, +CAD, +JPY, +CHF
-USD, -AUD, -NZD

:triangular_flag_on_post: *Starting Trades*

OPENED AT MARKET NZDUSD Sell
ENTRY -- 0.69257
STOP -- 0.69757
TAKE PROFIT -- 0.68957

OPENED AT MARKET EURGBP Sell
ENTRY -- 0.85370
STOP -- 0.85870
TAKE PROFIT -- 0.85070

OPENED AT MARKET AUDNZD Buy
ENTRY -- 1.07378
STOP -- 1.06879
TAKE PROFIT -- 1.07679

Swing

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