nch
Long

Wait for the retracement

FX:EURUSD   Euro / U.S. Dollar
126 1 6
The EURUSD             is in a channel, with the last news from US (NFP low figure) the price shoots and reach 50% retracement of the down move.

I would expect the price to retrace another 50% of the up move where it would hit the major support-resistance-resistance and again support level .

I will look for buy opportunities in the next days if the price hit the those levels.
hi nch, what about first blue narrow you ticked just after stronger bullish movement. What are your prediction in relation to further background? Do you suggest that the market is going to reach 38.2% retracement level?
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