Day Trading & Swing Trading Euro Futures Contracts w/ Dollar Index Correlation

Lets take a look at whats setting up for some day trades tomorrow on the Dollar futures contracts.

So lets look at the dollar futures first…

 

I can see the Dollar sitting around the previous day’s lows of 85.540

A break above the 85.715 will leave plenty of room for us to grab profits up to 85.835 and 85.935

My entry target will be 85.715, with profot targets of 85.835 & 85.935

Remember, i dont trade the Dollar, im looking for its corellation to othe rpopular markets we trade, such as the Euro futures contracts.

Lets review the euro next….

I can see the Euro futures contracts are setting up nicely for a short position.

My target short will be an entry below 2548 looking for profits at 2520

With my Euro trades setting up, lets look at some other markets for trading tomorrow…

The aussie Dollar Futures contracts…

The aussie dollar is trading in it’s middle, the ‘chop zone’ as we call it, so we need to to wait for the Assie to test its highs first.

How about the YEN futures contracts?

We have the same concern on the Yen Futures tonight as well, they are trading in their middle, so we need to wait for the extremes to be tested, looking to be the lows most likely.

So as the dollar looks to break the resistance levels overhead, im watching the Euro futures on the short side.

Look for another great week of day trading futures contracts!

We have some new great set-ups to share with you on Monday, so dont miss the live day trade room!

Stick to those rules, and see you tomorrow in the room!