At 5am EST EU unemployment data is coming out. This may set up a trading opportunity in the U.S. session tomorrow, Tuesday 1/9/2018. Price is currently sitting just ahead of an area of support between 1.195 and 1.1935. I'd like to see buyers step in around that area, perhaps as a result of the unemployment figures. If I see this I will be watching the 1.2 figure for a potential short later in the U.S. session.
I will be watching this setup and update this idea tomorrow.
Unfortunately price did not make its way up to the 1.2 figure where I was looking to get short. As such, no trade was taken. I am now looking for a buy setup near the 1.9 figure and will be posting a new idea shortly.