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ForexTrendline
Mar 8, 2024 5:53 AM

EURUSD before NFP 

EURO / U.S. DOLLARICE

Description

Yesterday the ECB announced interest rates and we saw a rise in EURUSD to 1.0950.

US jobs data is due today.

The news will be published at 15:30 Bulgarian time.

This is one of the important news for the USD and it has a big impact.

All buys are at a profit and the goal is to reduce risk before the news.

Depending on the account and strategy, you should:

- close part of the profits
- move SL
- not to open new positions at the current levels
- not to trade during the news

There will be opportunities for new trades after the news!
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