Trading plan for Nov. 21
EUR/USD hovered in the narrow 1.2600/1.2500 range on Thursday following the dovish FOMC minutes and downbeat euro zone’s PMI indices. The one and only event to watch on Friday will be the speech of the ECB President Mario Draghi at 9:00 GMT.
Britain released positive retail sales data, while US figures were lower than expected. GBP/USD may test resistance in the area of 1.5730/80, but we recommend selling from the latter level.
USD/JPY is pulling back after reaching 119. Seek to establish new longs at 117.90/20 targeting the psychological level of 120 yen.