Release： 09/08/2022 20:02

Update： 09/08/2022 20:03

Series

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

FX Today's Trade Strategy 9/9

EURUSD Euro/Dollar

・Yesterday's trading

Yesterday hovered between 0.9950 and 1.0.

Even after the data release, it did not break, no-trade.

・Market environment and today's strategy

Congestion in the lower price range has continued for a while, and there are few trading opportunities.

At times like this, I want to avoid making moves that reduce assets.

As per yesterday morning's scenario, it is forming a pullback at 0.9950, but whether this buying continues is uncertain.

For now, I want to keep a bullish bias, but note that the daily MA is around 1.0050, so be careful.

・Yesterday's trading

Yesterday ended without much activity even after the data release.

Trading was skipped.

・Market environment and today's strategy

It is capped at 144.50, and it seems likely to stay range-bound for a while.

The neckline is seen at 143.50.

If it stops falling at the neckline, I would consider buying.

If it tests 145.0 again, I would consider counter-trend selling.

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