We are still expecting EUR weakness for the coming week.
SHORT Entry:
- Once we get into 61.8% - 78.6% fibo. Jump down into lower timeframes and search for a break of structure or break of trendline for entry ( Refer to the example below ).
- STOPLOSS: Above NFP high.
- TARGET: Recent lows and -27% fibo
Will keep you updated as price get closer to our area of interest.
As always, trade safe.
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EURUSD on 15 min - Break of ascending trendline example
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EURUSD 4H Update
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EURUSD 1H - Expecting positive CPI Data = USD UP= EUR DOWN