We Had a Great Follow Through Yesterday, What About Today?
EURUSD – We had a great follow through yesterday and today will be in the other direction. This pair is now in an uptrend that may start going up after the Non Farm Payroll news comes through. Targets above are 1.0760 – 1.0810 but beyond next week we can see it go all the way to 1.1000.
BRENT – The straddle trade worked to the upside. We may see this continuing as the market breaks higher. So any break above the red dotted line could see the price back at 58.15.
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***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.
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