Trading plan: 25 - 29.09.2017

Trading plan: 25 - 29/09/2017

The general picture: The market is preparing for the movement.

Monday morning is influenced by the elections in Germany. Formally, Merkel won but in fact, significantly weakened the position of Merkel inside Germany.

The CDU party lost 8% compared to the previous elections and received 33%. The main thing is that the second party of the SPD party leaves the ruling coalition for opposition. Merkel will be forced to create a coalition with small parties, the Free Democrats and the Greens.

The EUR/USD rate fell at the opening with a gap of 45 points, then the gap was closed.

We see a clear range with the actual boundaries of 1.1860 and 1.2005.

We are ready to sell at breakthrough 1.1860 down and buy at the break of 1.2005 upward.

Stop-loss for 45 points, the minimum profit is 100 points.


The material has been provided by InstaForex Company -