dkbMARKETS is all about Enlightening & Mentoring Traders. This Trading & Investing blog was formed to give daily updates and advise on Dr Aderemi Banjoko's Day Trades, Swing trades and also other investments in the financial markets. This will hopefully assist you in learning the basic foundations of how to be successful in the Financial Markets (fixed income, stocks, commodities and currencies (FX).
Market Assessment - EURUSD
There are no reports of HIGH importance due out today and no public holidays in UK or USA. The USD Unemployment Rate & USD Change in Non-farm Payrolls are due out tomorrow, Friday, at 1:30pm GMT+1. These reports are of MEGA Importance hence, there is a HIGH probability of ALL Markets trending sideways today leading up to the report tomorrow. For this reason, I will only have 1 (one) Live attempt at the Markets today.
Look at the EURUSD 5min Chart, the Market is currently trending sideways between R1 and S1. I have placed a pending BUY order just above R1, see chart.
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