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enquiries@thearmchairtrader.com

Good morning traders.

As it is Thanksgiving in the US today we are likely in for a subdued trading day. Last year we traded our pair within a tight 40 pip range. So if you are trading I wouldn’t be expecting big moves. But we still have Brexit and Italy on the agenda so you never know!

Yesterday our pair traded almost precisely within our S1 to R1 range and looks to be bound within R2 and S2 for today.

As ever trade what you see and check the lower time frame charts for your entries.

I´ll be around this morning but then I´ll be away until Monday so no diary for tomorrow.

The Daily Chart

Nothing to add to what I said yesterday. We are at 1.1397 as I write – smack in the middle of our 1.13 – 1.15 range.

The Hourly Chart

Support & resistance are noted and I would expect price action to stay contained within a tight range for today.

Have a good day and weekend and I´ll be back Monday!

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Mark Wogan

Hi. I started my investing / trading career in 2000 and since 2011 I have been trading on a full time basis.

My focus here will be the currencies and in particular the EurUsd pair and I will post my charts on a daily basis marking up the levels I´m interested in and comment on the bigger picture context and anything else I´ll be watching out for during the day.

I also do a little coaching on a one to one basis so if you´re interested in learning how to trade just give me a shout and we can have a quick chat.

https://www.markwogan.com

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