Trading Plan 10/22/2018
The overall picture: The market is preparing the autumn trend.
The currency pair EUR / USD showed a reversal upward, the pound returned to the range.
The issue of the EU-Britain agreement, the main issue of the past week, is not resolved but postponed. In Britain, there is a softening of the position on Brexit, even holding a new referendum is not excluded.
The main issue of the new week is the ECB decision on monetary policy. Everyone agrees that the ECB will not change the policy at the current meeting, but it is possible to change the tone of the ECB's statements. The decision will be on Thursday, October 25.
We expect the release of European currencies from the long ranges this week and a strong autumn trend.
We are ready to buy a pound at the breakthrough of 1.3260.
Alternative: Selling at a break down of 1.2920.
