See also
Trading plan 24.09.2018
Overall picture: week of important news.
On Wednesday, the Federal Reserve's decision on rates - we expect an increase of +0.25%, but most importantly - the text of statement of the Fed.
On Monday, new US duties against China come into effect for $200 billion - and probably, China's retaliatory tariffs of $60 billion against the USA.
On Thursday, orders for durable goods, U.S., on Friday, the inflation PCE
The pound had a sharp decline on Friday due to strong disagreements between Britain and the EU on the plan of relations after Brexit - the pound is likely to range.
Lb: buy in the breakout of 1.3300.
Alternative: sell from 1.2790.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
In my morning forecast, I highlighted the 1.1749 level and planned to base market entry decisions around it. Let's look at the 5-minute chart and break down what happened
On Friday, the GBP/USD pair showed total flat movement and low volatility. As with the EUR/USD pair, there was no news that day, and no macroeconomic publications were released either
Friday Trade Analysis: EUR/USD 1H Chart The EUR/USD pair stayed flat all day Friday, with volatility totaling 36 points, clearly indicating a lack of trading activity. This is not surprising
The GBP/USD currency pair traded with low volatility and primarily moved sideways. As mentioned earlier, last week was particularly interesting in how the market interpreted various events and publications
Analysis of Thursday's Trades 1H Chart of EUR/USD The EUR/USD currency pair traded throughout Thursday, both before and after the publication of the U.S. Nonfarm Payrolls and unemployment data
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