Yahoo Finance Good Three Trading Setups on Tuesday – DAX30, EUR/GBP and USD/PLN
Welcome back after a surprisingly calm weekend. The fact that the weekend was uneventful is the main reason why we do have a risk on mode on the market right now. Uneventful in case of the North Korea but also Irma caused fewer damages than expected which perceived positively by traders.
World stocks are at all time highs and German DAX is also heading higher. It looks like the correction has ended and after breaking the 12300 points we are back in the bullish mode again.
EURGBP used the better CPI data from the UK to go lower but bullish troubles started here much earlier, on Friday when the price confirmed the false breakout pattern. That usually is a warm invitation for a strong drop.
USDPLN after year long downswing finally found a good place to start a bullish correction. That is 3,51 and has a potential to start a new bullish wave.
This article is written by Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis
This article was originally posted on FX Empire
