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DDMARKETS
Sep 29, 2020 2:59 PM

EURUSD Trade Signal: The Presidential Debate Short

Euro Fx/U.S. DollarFXCM

Description

President Trump is due to hold the first Presidential debate, which may trigger some volatility across global markets.

EURUSD reached a 4hr resistance (60min chart is displayed). The trading signal strategy is to wait for the 30min close (which is in shortly at the time of this writing).

The 30min close may trigger some EURUSD weakness towards 1.7113. Should the price correct lower and does not post a 30min close below 1.7113 we might see EURUSD re-testing the high and perhaps breaking above.

The signal strategy s intentionally kept simple.

Comment

target acquired
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