Release： 12/04/2022 19:01

Update： 12/04/2022 19:01

Series

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

FX Today's Trading Strategy 12/5

〇EURUSD Euro/U.S. Dollar

・Friday's Trade

On Friday it fell to a pullback, but since it was late at night, there was no trade.

・Market Environment and Today's Strategy

The notable level 1.040 has been broken to the upside and the uptrend continues, but resistance levels are looming above.

Levels around 1.055 and 1.060 could function as resistance.

Beyond this point, the area seems to have resistance candidates at every 50 pips, so be cautious in trading.

・Friday's Trade

On Friday, after breaking below the previous day's low, I went short below 135.0.

+91 pips

・Market Environment and Today's Strategy

The current rate around 134.0 is near the location where the daily 200MA exists.

Pay attention to whether this moving average provides support and acts as a boost.

First, consider going long up to a retracement.

If it retraces up to 136.0, look to sell on the way back; if it breaks below last week's low of 133.50, consider shorting.

Popular articles in the series

Trading from the Previous Day・USDJPY Dollar-Yen (15-minute chart)Last Friday, since the support at 1

Trading from the Previous Day・USDJPY Dollar/Yen (15-minute chart)Yesterday I went short as soon as t

Yesterday's Trades・USDJPY Dollar/Yen (15-minute chart)Yesterday, there was a sharp rise in the morni

Yesterday's Trades・USDJPY Dollar-Yen (15-minute chart)Last Friday moved in the lower price range. No

Trade from the Previous Day・USDJPY Dollar/Yen (15-minute chart)Yesterday, there was little price mov