Release： 08/09/2022 20:09

Update： 08/09/2022 20:09

Series

We deliver daily day trading strategies for Euro Dollar (EURUSD) and Dollar Yen (USDJPY).

FX Today's Trade Strategy 8/10

〇EURUSD EUR/USD

・Yesterday's trades

Yesterday, as expected, I shorted from 1.0250. About +24 pips profit.

・Market environment and today’s strategy

Continues to show a lack of clear direction.

I expect another range trade from 1.0150 to 1.0250, like yesterday.

The current consolidation is due to long-term selling and buying pressure, so it’s hard to reach a conclusion.

Be patient and wait until a breakout to either side.

・Yesterday's trades

Yesterday, there was no clear direction around 135.0, so no trades were made.

・Market environment and today’s strategy

Volatility has become quite low.

Continue to set 135.50 as the upper level and 134.50 as the lower level.

Trades depend on price action at those levels.

However, the rangebound movement may continue for a while longer.

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