Trading plan 04/10/2017
The overall picture of EUR/USD: We are playing the way out of the range.
On Tuesday, euro sellers and dollar buyers suffered a severe defeat. Neither the crisis of Catalonia - Spain nor the strongest data on the US economy helped to keep the EUR/USD rate below the level of 1.1700.
Our sales closed on stop-loss (at the break-even point 1.1770).
Now euro purchases look more preferable.
At the same time, we have a fairly narrow range within the limits of 1.1695 - 1.1835 and strong news ahead.
In particular, today we will report on employment in the US from the ADP agency. A strong decline in new jobs is expected, this should move the euro into growth.
Further, on Friday, we will see non-farms. Also a reason for strong movement.
We are preparing to enter the breakthrough of the range boundaries to the top of the purchase above 1.1835 or down the sales below 1.1695.
We place orders as on the chart below. Stop-loss 45 points, profit 100 points (in 4 digits).
