Tomorrow morning we have a slew of economic reports coming out of the US – most notably the US Consumer Confidence report, Existing Home Sales, and the Chicago PMI (Big Pippin did a great job with a brief analysis in his post today of all three reports). Basically, the forecasts are calling for strong numbers and we may see a continued end of year rally in the greenback.
So, no trade idea for the Euro trading session. I will be watching the market tomorrow morning, and depending on price action leading up to the reports I may have one last trade idea before the new year. Again, we are still in a holiday trading environment which means lower liquidity and a higher posibility of spikes, so we will trade smaller position sizes if an opportunity arises.
So, stayed tuned, and for those trading the Euro session, good luck and good trading!