Today’s Trading Plan 05.12.2017 – EUR/GBP


*Good morning/afternoon everyone!*

We’ve got a number of key U.S. economic reports scheduled for release this morning and currencies are trading cautiously ahead of the retail sales, consumer prices and University of Michigan consumer sentiment reports. The weakest currency is GBP which extended its losses after the BoE disappointed but the Canadian dollar is also lower. The strongest currency is the euro which is holding 1.0850 but that could break if U.S. data is strong. AUD and NZD look poised for a pullback while USD/JPY awaits U.S. data.

*The MAIN THEMES I see today are*

GBP weakness
NZD, CAD weakness

Potential USD strength but be careful pre-US data

*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 –


*Trading Biases*
These will change after US data

mildly +EUR
neutral AUD, USD, JPY

:triangular_flag_on_post: *Starting Trades*

ENTRY – 0.84588
STOP – 0.84088
TAKE PROFIT – 0.84888