Release： 09/19/2022 20:03

Update： 09/19/2022 20:03

Series

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

FX Today's Trade Strategy 9/20

〇EURUSD Euro Dollar

・Yesterday's Trade

Yesterday, the Japanese and British markets were closed, so no trading.

・Market Environment and Today's Strategy

Yesterday mainly moved around the 1.0 level.

It dipped below 1.0 but did not reach 0.9950 and bounced back.

The yesterday's low of 0.9966 formed as an uptick against 0.9950, indicating buying strength.

I mainly want to take a buying stance.

If it forms a pullback around 1.0 or if it consolidates around yesterday's high and breaks through, I see a potential opportunity.

・Yesterday's Trade

Yesterday, it moved within the Ichimimomi from last Friday’s price action.

Similar to EURUSD, no trading.

・Market Environment and Today's Strategy

A lack of clear direction continues.

Trading range from 142.50 to 143.50.

If entering, only a range-trading approach seems viable.

I want to consider full-scale trading after breaking out of the range.

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