Release： 08/30/2022 20:14

Update： 08/30/2022 20:14

Series

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

FX Today's Trade Strategy 8/31

EURUSD Euro/Dollar

・Yesterday's Trade

There was no strong upward wave yesterday, so no trading.

In this kind of market, staying on the sidelines helps protect assets.

・Market Environment and Today's Strategy

Today the situation is not much different from yesterday.

As for the trading range, set the upper at yesterday's high of 1.0050 and the lower at the low of 0.998.

If we break above 1.0050, we would like to buy, but we want to watch how it breaks.

Also keep in mind tonight's economic indicators.

・Yesterday's Trade

Yesterday, since it began forming a double top in the resistance area, I shorted on the M15-level double-top neckline break.

However, as it was a short within an uptrend, exit early. +13 pips

・Market Environment and Today's Strategy

Today, continue to view 139.0 as a key level.

Many traders are likely to consider this rate strong.

As yesterday, depends on price action at 139.0.

But today I want to be mindful of month-end movements.

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