Trade Idea (2020-11-20) EURUSD whipsawed

Trade Idea

Good morning.

The US stock market yesterday was slightly higher in all three indices. In the early stages, sales preceded, and the DJIA temporarily fell by more than $ 200. While the current infection situation is severe as it rises to the highest level, Pfizer is reportedly planning to apply for an emergency license for the frame vaccine from the FDA later this week. However, it will take some time to spread, and it is thought that it will not be effective enough to change the current situation this winter. However, there have been movements to reluctantly lower the price, and it was repurchased at the end of the month due to reports of progress in the ruling and opposition party talks.

In the foreign exchange market, USDJPY was repurchased to around 104.2 in New York time. However, it immediately returned to the 103 level.

EURUSD was temporarily sold up to 1.1817, but was repurchased in New York time, ending around 1.1875.
We are sticking to the 20th daily line. However, I get the impression that the upside of EURUSD and AUDUSD is getting heavier.

EURUSD H1 (Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength


currency-strength.com

US market yesterday

DJIA: 29,483.23 (+44.81, +0.15%)
NASDAQ: 11,904.71 (+103.11, +0.87%)
S&P: 500 3,581.87 (+14.08, +0.39%)
GOLD: 1,861.8 (+0.3)
OIL: 41.65 (-0.09 )
US 10-YR: 0.823 (-0.032)
VIX: 23.11 (-0.73)

Asian market today

Nikkei: 25,545~ (-88)
CME Dow future: 29,240~(-243 Dow)

Economic indicators in this week

GMT 07:30(UK)Retail sales