EUR/USD has found support on top of the 200 ema. As long as it's holding strong above it, we can expect EUR/USD to keep going higher.
If it does break it, then we'd look for an opportunity to sell.
It's all but a waiting time to let the market decide itself and make its move. Then we analyze and enter in the move either on pullbacks or consolidations.
If it does break it, then we'd look for an opportunity to sell.
It's all but a waiting time to let the market decide itself and make its move. Then we analyze and enter in the move either on pullbacks or consolidations.
Comment:
Tomorrow is the NFP or should I say, the Non-Farm Employment Change. In order for the federal bank to continue with their expected raise in interest rates, the economical news must be good. If you have open positions on this pair, it would be better to close them as it will get very volatile tomorrow and the results are unclear.
Comment:
Now after the NFP, as EUR/USD crossed back down of the 200 ema on the 1h timeframe, we will look for pullbacks back up or consolidations to sell. Of course, we will also analyse the higher timeframes such as the 4 hour, 8 hour and daily to know what's going on in the bigger image as well as plan our entries from the lower timeframes such as the 15 min.
Comment:
Although the drop happened after the NFP news was released, this move could've still been catched while risking not more than 1%. The technicals were good, the news made the drop happen faster.
Comment:
Clearer image:
You can analyse your charts by either looking at your EMA's or MACD. Fusing it together makes everything the clearer.