FX Today's Trade Strategy 11/4
EURUSD Euro/Dollar
・Yesterday's trades
Yesterday, as per the morning scenario, after breaking the weekly low of 0.980, it reached 0.9750.
Entry was at the moment of breaking the weekly low. +41 pips
・Market environment and today’s strategy
At the current rate of 0.9750, a support level seems to be forming.
However, it doesn’t look very strong.
Today, focus on price action at 0.9750.
But be aware of the U.S. Non-Farm Payrolls release tonight.
USDJPY Dollar/Yen
・Yesterday's trades
Yesterday showed a lack of directional movement.
As expected, volatility has declined, leading to a no-trade decision.
・Market environment and today’s strategy
Not much movement until the U.S. unemployment data tonight?
A key level to watch is 148.50.
Because 148.50 has a downward-sloping line on the H4 timeframe, this rate warrants close attention.
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