Trading plan for September 6, 2017
General picture: The FOREX market is waiting for the decision of the ECB.
On Tuesday, the US market showed a significant decline of -1% on the Dow. It was somewhat belated reaction to the crisis around North Korea. The crisis is still in the acute phase, and there can be any continuation, up to the strongest US military strike against North Korea, especially if a new long-range missile launch is really launched toward Japan or Guam (US base).
In the rest, the market is calm before the ECB meeting on monetary policy tomorrow.
Today, there are important news in the US: At 15.00 London time, the ISM service index (if there is a very strong data) will have a possible euro hike (upward).
At 19.00 London time, we are waiting for the Fed's report on the state of the US economy (Beige book) and also a possible start of the euro.
EUR/USD
There are levels for trading on the breakthrough:
Top 1.1940 and further 1.1980
Down 1.1865 and further 1.1820
