Trading recommendations for EUR / USD on September 15
Analysis of transactions
Strong report on euro area’s industrial production led to a slight rise of EUR / USD in the market. Thus, long positions from 1.1859 brought about 25-30 pips of profit.
Quite a number of important statistics are due today, among which are consumer sentiment and consumer confidence in the eurozone. Such will have a significant impact on the euro, and could lead to a new wave of growth in the EUR / USD pair. It is best to continue concentrating on long positions when trading.
Set long positions from 1.1897 (green line on the chart), and take profit around the level of 1.1935. Sell shorts from 1.1875 (red line on the chart), and take profit at the level of 1.1833. Downward movement will take place on the grounds of weak data on the eurozone.
Trading recommendations for GBP / USD on September 15
Analysis of transactions
The upward movement of GBP / USD was quite large, so long positions from 1.2845 brought about 50 pips of profit yesterday.
One important report for the United Kingdom today is the state of its labor market, which, if recorded a drop in unemployment, may lead to a new wave of growth in GBP / USD.
Open long positions from 1.2877 (green line on the chart), and take profit at the level of 1.2920 (thicker green line on the chart). A rise will occur if the report on UK labor market comes out better than the forecasts. Sell shorts from 1.2835 (red line on the chart), and take profit around the level of 1.2777.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
If you have an interest in any area of Forex Trading, this is where you want to be.
Global Fx Trading Group is a world leader in providing Fx services to individual traders, including: Unmatched funding programs, on-line education, virtual trading rooms, automation tools, robot building, and personal coaching.
The company was first established by Jeff Wecker, former member of the Chicago Board of Trade, with 25 years in the industry. Jeff has a keen understanding of the needs of Forex traders and those needs are our focus.
Please join our VIP Group while is still FREE …
https://t.me/joinchat/JqsXFBKpyj3YS4bLWzT_rg
Our mission is simple: To enhance as many lives as we can through education and empowerment.
#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom
