FX:EURUSD Euro Fx/U.S. Dollar
The signals are pretty on the short run for the EURUSD , from my objective opinion. meaning that another drop of the euro could be done near 1.3560 again. But my hunch tells me that it is a good chance for the Euro to break today 1.3630 and rally towards 1.3670/1.3700. We will have a better view near the NFP, and the best after the publication of this economic data. What do you think? What direction would you chose?
I agree with you that the signals are bearish across the market which gives me a reason to be bullish! Definitely we will have a better understanding after the NFP but if i had to chose a direction i would chose long for the reasons i highlighted on the daily chart. The risk to reward for a long trade seems to be favorable as well