EUR/USD
kept testing the support at 1.0820 until it finally managed to break below that
level. Personally, I think it is headed for the previous low at 1.0460. That
said, the US Non-Farm Payrolls, also known as The Most Exciting Day of The
Month for most traders out there, are on Friday. I don’t think that the EUR/USD
bearish trend is over, but considering the aforementioned event and that the
pair hasn’t broken below the previous low, I don’t intend to open new short positions
for the moment.
It´s a important new
ReplyDeleteWell spotted! I'll keep it in mind.
ReplyDeletevery good post.
ReplyDeleteAll eyes on the US NFP this week.
ReplyDeleteHrmm... Very important post.
ReplyDeleteBig week for this pair.
ReplyDelete