gr419

EURUSD CONFLUENCE

FX:EURUSD   Euro Fx/U.S. Dollar
There seems to be some good confluence at the price level of 1.1621, where there is a Fibonacci extension by 127.20%, (rebounding off a 61.8% retracement). A possible formation of the gartley pattern is also being shown. Finally some strong resistance at this point making it a great trade to enter. A short will be the most ideal, however, you could decide to go long in order to reach the 127.20% extension which shows a Risk-Reward ratio of 3+.

NFP AWAITING - I believe the movement of EURUSD             , is subject to the NFP and Unemployment rate that will come later in the day at 13:30 GMT
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