EUR/USD Trading Plan — 21 Jul 2026

Today's Outlook

Patient Trading Day

London and the NY overlap should offer the cleanest reads once price confirms beyond Asian ranges. The USD labour update and late oil data make chasing early moves a poor trade.

Today’s Events

All times UK time

Time	Event	CCY	Dangerous Window	Better Window
01:00	Belgian National Day	EUR	—	—
01:00	Botswana President's Day		—	—
03:30	20-Year KTB Auction	KRW	—	—
03:35	6-Month Bill Auction	NZD	—	—
03:35	3-Month Bill Auction	NZD	—	—
03:35	1-Year Bill Auction	NZD	—	—
06:00	Unemployment Rate	EUR	—	—
06:00	MAS 4-Week Bill Auction	SGD	—	—
06:00	MAS 12-Week Bill Auction	SGD	—	—
06:00	MAS 36-Week Bill Auction	SGD	—	—
07:00	Unemployment Rate	NOK	—	—
07:00	Balance of Trade	CHF	06:55 – 07:15	07:15 onwards
07:00	Average Earnings incl. Bonus (3Mo/Yr)	GBP	06:55 – 07:15	07:15 onwards
07:00	Claimant Count Change	GBP	—	—
07:00	Employment Change	GBP	06:50 – 07:20	07:20 onwards
07:00	Unemployment Rate	GBP	06:50 – 07:20	07:20 onwards
07:00	Average Earnings excl. Bonus (3Mo/Yr)	GBP	—	—
07:00	Public Sector Net Borrowing Ex Banks	GBP	—	—
07:00	HMRC Payrolls Change	GBP	—	—
09:00	Current Account	EUR	—	—
09:00	Lebanon Inflation Rate YoY		—	—
09:00	Balance of Trade	EUR	08:55 – 09:15	09:15 onwards
09:00	Export Orders YoY	TWD	—	—
09:00	ECB Bank Lending Survey	EUR	—	—
09:30	Angola Foreign Exchange Reserves		—	—
09:30	Angola M3 Money Supply YoY		—	—
09:30	Inflation Rate MoM	HKD	—	—
09:30	Inflation Rate YoY	HKD	—	—
09:30	PPI YoY	EUR	—	—
10:00	Croatia Unemployment Rate		—	—
10:00	ZEW Economic Sentiment Index	EUR	09:55 – 10:15	10:15 onwards
10:00	ZEW Current Conditions	EUR	—	—
10:00	Treasury Gilt 2029 Auction	GBP	—	—
10:30	5-Year Bobl Auction	EUR	—	—
10:30	3-Month DTB Auction	HUF	—	—
10:30	Weekly Bond Auction	ZAR	—	—
10:30	2039 Bond Auction	ZAR	—	—
10:30	2042 Bond Auction	ZAR	—	—
11:00	PPI YoY	EUR	—	—
11:00	PPI MoM	EUR	—	—
11:00	Unemployment Rate	EUR	—	—
11:30	Ghana PPI YoY		—	—
12:00	CFIB Business Barometer	CAD	—	—
13:00	Deposit Interest Rate	HUF	—	—
13:00	Interest Rate Decision	HUF	—	—
13:00	Retail Sales MoM	MXN	—	—
13:00	Retail Sales YoY	MXN	—	—
13:15	ADP Employment Change Weekly	USD	13:05 – 13:35	13:35 onwards
13:55	Redbook YoY	USD	—	—
14:00	Global Dairy Trade Price Index	NZD	—	—
14:00	Nigeria Interest Rate Decision		—	—
16:00	Balance of Trade	COP	—	—
16:00	Imports YoY	COP	—	—
16:30	6-Week Bill Auction	USD	—	—
17:00	ISE Economic Activity YoY	COP	—	—
17:30	Bundesbank President Nagel Speech	EUR	17:25 – 17:45	17:45 onwards
18:30	Leading Indicator MoM	ARS	—	—
20:00	Costa Rica Balance of Trade		—	—
21:30	API Crude Oil Stock Change	USD	21:25 – 21:45	21:45 onwards
22:00	PPI MoM	KRW	—	—
22:00	PPI YoY	KRW	—	—
00:50	Imports YoY	JPY	—	—
00:50	Exports YoY	JPY	00:45 – 01:05	01:05 onwards
00:50	Balance of Trade	JPY	00:40 – 01:10	01:10 onwards

01:00EUR
Belgian National Day
01:00
Botswana President's Day
03:30KRW
20-Year KTB Auction
03:35NZD
6-Month Bill Auction
03:35NZD
3-Month Bill Auction
03:35NZD
1-Year Bill Auction
06:00EUR
Unemployment Rate
06:00SGD
MAS 4-Week Bill Auction
06:00SGD
MAS 12-Week Bill Auction
06:00SGD
MAS 36-Week Bill Auction
07:00NOK
Unemployment Rate
07:00CHF
Balance of Trade
Dangerous
06:55 – 07:15
Better
07:15 onwards
07:00GBP
Average Earnings incl. Bonus (3Mo/Yr)
Dangerous
06:55 – 07:15
Better
07:15 onwards
07:00GBP
Claimant Count Change
07:00GBP
Employment Change
Dangerous
06:50 – 07:20
Better
07:20 onwards
07:00GBP
Unemployment Rate
Dangerous
06:50 – 07:20
Better
07:20 onwards
07:00GBP
Average Earnings excl. Bonus (3Mo/Yr)
07:00GBP
Public Sector Net Borrowing Ex Banks
07:00GBP
HMRC Payrolls Change
09:00EUR
Current Account
09:00
Lebanon Inflation Rate YoY
09:00EUR
Balance of Trade
Dangerous
08:55 – 09:15
Better
09:15 onwards
09:00TWD
Export Orders YoY
09:00EUR
ECB Bank Lending Survey
09:30
Angola Foreign Exchange Reserves
09:30
Angola M3 Money Supply YoY
09:30HKD
Inflation Rate MoM
09:30HKD
Inflation Rate YoY
09:30EUR
PPI YoY
10:00
Croatia Unemployment Rate
10:00EUR
ZEW Economic Sentiment Index
Dangerous
09:55 – 10:15
Better
10:15 onwards
10:00EUR
ZEW Current Conditions
10:00GBP
Treasury Gilt 2029 Auction
10:30EUR
5-Year Bobl Auction
10:30HUF
3-Month DTB Auction
10:30ZAR
Weekly Bond Auction
10:30ZAR
2039 Bond Auction
10:30ZAR
2042 Bond Auction
11:00EUR
PPI YoY
11:00EUR
PPI MoM
11:00EUR
Unemployment Rate
11:30
Ghana PPI YoY
12:00CAD
CFIB Business Barometer
13:00HUF
Deposit Interest Rate
13:00HUF
Interest Rate Decision
13:00MXN
Retail Sales MoM
13:00MXN
Retail Sales YoY
13:15USD
ADP Employment Change Weekly
Dangerous
13:05 – 13:35
Better
13:35 onwards
13:55USD
Redbook YoY
14:00NZD
Global Dairy Trade Price Index
14:00
Nigeria Interest Rate Decision
16:00COP
Balance of Trade
16:00COP
Imports YoY
16:30USD
6-Week Bill Auction
17:00COP
ISE Economic Activity YoY
17:30EUR
Bundesbank President Nagel Speech
Dangerous
17:25 – 17:45
Better
17:45 onwards
18:30ARS
Leading Indicator MoM
20:00
Costa Rica Balance of Trade
21:30USD
API Crude Oil Stock Change
Dangerous
21:25 – 21:45
Better
21:45 onwards
22:00KRW
PPI MoM
22:00KRW
PPI YoY
00:50JPY
Imports YoY
00:50JPY
Exports YoY
Dangerous
00:45 – 01:05
Better
01:05 onwards
00:50JPY
Balance of Trade
Dangerous
00:40 – 01:10
Better
01:10 onwards

Today's Trading Windows

Your trading day, in chronological order.

06:00-07:45 UK
—
Best WindowUpcoming
Asian Reference Build
Use this period to map the Asian range, not to force trades.
Volatility · Quiet
Correlated withGBP Employment Change · 07:00GBP Unemployment Rate · 07:00Asian SessionExecution risk elevatedUpcoming
The briefing is before the London open, and Asian trading is the latest price action available. London has not set the day's working direction yet.
13:05-13:35 UK
—
Dangerous WindowUpcoming
USD ADP Employment Change Weekly at 13:15 UK
Avoid new USD, gold and major FX trades during the release window.
Volatility · High
Correlated withUSD ADP Employment Change Weekly · 13:15London SessionLondon / NY OverlapNew York SessionExecution risk elevatedUpcoming
This is the only high-impact event in the supplied calendar and it affects USD pairs and gold directly. No forecast is supplied, which adds execution risk.
13:45-16:30 UK
—
Best WindowUpcoming
Post-USD NY Overlap
Best main session window after the USD reaction has time to settle.
Volatility · Moderate
Correlated withLondon SessionLondon / NY OverlapNew York SessionHigh liquidityUpcoming
The 13:15 UK USD release is the highest-impact event on the calendar. This window starts after the main danger period and overlaps with active London and New York trading.

Today's Guidance

Use the Asian high and low as your first map. Wait for a candle close beyond your level, not just a wick, and avoid opening new trades in the 10 minutes before or after the USD release.

Today's Trading Checklist

Run through every step below before placing a trade today.

Step 01Upcoming
Mark the Asian session range before taking London trades.
Step 02Upcoming
Treat the EUR release as a reason to pause fresh EUR/USD entries around the print.
Step 03Upcoming
Stand aside through the USD labour update and wait for the first reaction to settle.
Step 04Upcoming
For Brent, keep the main oil risk in mind late in the UK evening.
Step 05Upcoming
If price breaks a level then quickly returns inside the range, skip the chase.