Today’s Trading Plan – EUR/USD and AUD/USD

*Good morning/afternoon everyone!*

The U.S. dollar is trading slightly higher against the Japanese Yen this morning but its gains are limited to only a few currencies (JPY and GBP). It is not clear whether USD/JPY’s gains are durable but U.S. yields are up and we could hear some hawkishness from the handful of Fed Presidents scheduled to speak today. Euro and NZD are leading the gains -- while there is not specific catalyst for the New Zealand dollar, the euro is benefitting from Merkel’s view that the currency is too “weak.” GBP is underperforming because of new Brexit concerns but we still think 1.30 is support rather than resistance for GBP/USD. Comm dollars in general look bid and should be poised for more gains.

*The MAIN THEMES I see today are*

EUR strength
AUD, NZD, CAD strength

*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
+AUD, +NZD
possible +CAD and +GBP

*Trading Biases*
These will change after US data

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

:triangular_flag_on_post: *Starting Trades*

OPENED AT MARKET EURUSD Buy
ENTRY -- 1.12369
STOP -- 1.11869
TAKE PROFIT -- 1.12669

NEW ORDER PENDING
AUDUSD Buy-limit 0.74570
STOP 0.74070
TAKE PROFIT 0.74870

Swing

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