DonkeyToni
Short

EURUSD consolidating after drop from NFP

FX:EURUSD   Euro / U.S. Dollar
167 1 1
Sudden drop from NFP last Friday confirmed the short term down trend with target around 1.0970. The trend had started since 1.1270 last Friday, so it is the middle of the trend now. To capture the remaining of the trend is difficult as there is a chance that it will consolidate to hit the upper channel before continue south. To control risk, entry on pullback is recommend, but breakout below 1.1070 also give a good opportunity. After drop, 1.1030 is the next area to adjust your risk as the conjunction of lower channel and up trend line .
@1.1140 EURUSD suddenly swing up to 1.1170 due to rumor that Obama was not happy with strong US Dollar, White house came to deny such rumor. This market swing from rumor is unexpected and causing the loss on the position. Accept the loss and move on.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out