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24.11.201709:36 Forex Analysis & Reviews: Trading plan 11/24/2017

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Trading plan 11/24/2017

Big picture: The market is ready for a new wave of growth against the dollar.

Positive news on Germany: Merkel received support from the main opposition party, SPD. After talks with the German president, the SPD leader said he was ready to support the government of Merkel - the only question is the format of support. Thus, the political crisis seems to be moving towards resolution.

The euro responded with growth.

The yen and the pound look ready to support the euro against the dollar.

In the US, there is low trading activity. It is Thanksgiving Day on Thursday and everyone is busy shopping at sales.

Important news - only this week.

Euro - buy for a breakthrough upward to 1.1865, target of 1.1980.

GBPUSD: Buy for the breakthrough of 1.3335.

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