A slow Monday as traders await the FOMC on Wednesday.
After moving higher before the U.S. session, the EURUSD began to roll over as the U.S. session got underway. A short was taken risking 8 pips for a potential 42 pips to our daily target at 1.1308. Price moved slowly lower and we lowered our stops above structure tightening just before the U.K. close… where we exited the trade.
U.S. – China trade talks drag on. Prime Minister May’s attempt to call a third vote in parliament on the Brexit deal is declined by House Speaker Bercow… unless it changes significantly. It’s fair to say that there is considerable uncertainty in the markets as we begin the week.
Good luck with your trading!
