Welcome traders to another live session. In today’s live session we go over our current EURUSD trade and potential trade setups for the rest of the week.
Currently, EURUSD has reacted to lackluster USD Consumer Confidence, which lead to the Euro to spike momentarily. Since then, the pair has come back near our entry. We expect our current short trade setup to play out, as both the technical and fundamental analysis has remained put.
As for current possible trade setups we can enter, our gaze is on the possibility of shorting GBPAUD. This pair has reacted quite nicely to resistance at 1.84890 area. We will seek to enter short once the pair breaks below 1.834000.
We have major fundamental news on Thursday & Friday for the Euro and Dollar. Ideally, at that point we should have profits secured and stops at entry. As usual, I will see you all again tomorrow at 11:00 AM EST for another live session.
Watch the Session on our Portal:
https://www.portal.forexlens.com/
