Technical Tuesday 6-11-2019 - What To Do In EUR/USD and USD/JPY - Forex Anatomy

Technical Tuesday 6-11-2019 – What To Do In EUR/USD and USD/JPY

I hope you are having a wonderful start to your trading week.

During this week’s “Technical Tuesday” Analysis Session, we provide readers with a brief overview of the inter-day price dynamics in the EUR/USD and USD/JPY currency pairs, and offered trade scenarios that could be forming at the start of the week.

 

Both currency majors exhibited little movement prior to the start of the US Trading Session, with both pairs struggling to gain directional bias amid relatively thin liquidity conditions. The lack of sufficient volatility makes it difficult to identify solid, high probability trading opportunities in the spot fx market. However, by staying focused & disciplined to a solid trading plan that has been proven to have positive expectancy, it is still possible to create substantial gains and returns in a limited trading environment. If you want to learn how to trade low liquidity environments, make sure you watch today’s technical analysis session below.

 

 

In today’s “Technical Tuesday” session, we analyzed the EUR/USD currency pair and discussed the long/buy position that we informed our subscribers about during the previous trading session. We are still long EUR/USD, with a target of 1.1335, as we expect the pair to consolidate earlier gains before topping out. The US Dollar Index (DXY) exhibited price action that signaled a continuation of market consolidation. Lastly, we talked about the USD/JPY, and explained how this pair is leaving “footprints in the sand” to help traders clarify market bias and forecast pending price behavior in the pair, and also high yielding, risk-oriented assets. Although prices appeared reluctant to break out of their tight consolidated ranges, the technical picture continues to point toward a short US dollar bias, with the USD/JPY sliding lower in trend continuation.

 

 

I hope you receive a lot of valuable insight from watching this “Technical Tuesday” Analysis Session. I am confident that this week’s “Technical Tuesday” will teach you something new about spot currencies, and will powerfully impact your trading from this point on. If you need some solid trade ideas, then make sure you watch today’s Technical Tuesday video as soon as you can.

 

Note: If you’re benefiting from the Technical Tuesday content that we are sharing with you, please let us know in the comments section or give us a ‘thumbs up’ or ‘Like’. Also, subscribe to our YouTube Channel and spread the word by sharing.

If you would like to receive FREE High Probability Trade Alerts & Signals in EUR/USD & USD/JPY, then please visit the website below & sign up Today (zero-cost):

http://www.forexanatomy.com/eurusdtrades

 

About the Author Marvin Perry

Marvin Perry has been an active trader within the Forex market since 2010. He attended the University of Illinois in Urbana/Champaign, and graduated in 2002 with a double major in Cell and Structural Biology and Chemistry. He currently serves as an FX instructor & Quantitative Analyst for the Forex Anatomy Private Trading Community called "The Lab", where he conducts live weekly trading webinars & instruction on Fundamental Analysis & Inter-Market Interpretations of dynamic asset classes and their influence on currencies.

follow me on: