Trading plan 20.11 — 24.11.2017
The overall picture: Merkel’s problems with the government caused the euro to decline.
Unexpected news came out on Sunday: Merkel could not form a majority in the parliament (failed to create a ruling coalition) — and now, most likely, there will be new elections. Merkel’s problem arose with the Free Democrats, who did not support the migration policy of Merkel.
This is the first case in 70 years, when Germany failed to create a ruling majority, and, perhaps, there will be an early parliamentary election.
Euro fell to 1.1725.
EURUSD: the growth in the pair stopped, the range.
There are good chances of earning a breakout range: buying for a breakout towards the high of 1.1860, selling down a breakthrough of 1.1550.
It is very likely that there will be a new level downwards in a few days, above 1.1550.
News of the week: In the United States, the week is short — on Thursday, November 23 Thanksgiving Day.
Wednesday is important: orders for durable goods in the US — in recent months the data has been very strong — if the trend continues, a strong argument in favor of the dollar.
The corridor continues.
Waiting for an exit:
Buying is higher than 1.3335.
Selling below 1.3025.