With positive NFP data release, dollar index is looking to make a temporary up move, giving way to an easy short for EURUSD.
1.4094 is a key daily level and should act as strong resistance since price failed to hold above it.
I am leaning towards EURUSD going towards the clean double bottom to take out the stops, but keeping my trade short term and target is clearly marked at 1.3442 which is also another key daily level
1.4094 is a key daily level and should act as strong resistance since price failed to hold above it.
I am leaning towards EURUSD going towards the clean double bottom to take out the stops, but keeping my trade short term and target is clearly marked at 1.3442 which is also another key daily level
Order cancelled:
price is trading within the breaker mentioned in the chart but im staying away from the market as its very choppy leading into midterm elections, will most likely have a clearer picture once US midterm elections are done with