US economy has added 223K jobs in April compared to forecast of 224K. The unemployment rate is at 5. 4%. The March NFP data has been revised down to 85k compared to prior 126K. Thus better than expected NFP data will increase the speculation of rate hike by Fed in coming months
Technically EUR/USD has recovered till 1.28870 and declined form that level. On the downside minor support is around 1.1800 and any break below will target 1.1100/1.1070 in short term.
It is good to sell on rallies around 1.11950 with stop around 1.12500 for the target of 1.11000/1.1070.
Comments
MIchaelTran
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FXwirePro just suggest the idea, it s no harm, correct it by yourself.
I like FXwirePro trading style -safe trading. His chart shows 1H down trend of mutiple MA - with high probability price action of crossing line (ichimoku style) plus he provied valuable facts with number.
If people follow with consistence trade Lot (same a mount every single trade) - you will be surprised .
Dont blame him... :|
sanama
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i do believe a dip down to 1.10900 zone before eur/usd rallying back up in the next coming days...so therefore i am short on this pair
Cityfox
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If you knew where the DXY was & EURUSD, at the time this chart was put up, You would not tell people to go short, It was very misleading of FxWirePro
FxWirePro
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@Cityfox no one is misleading anyone. since it is struggling to trade above 1.1290. So only we gave short .
Cityfox
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You always put chart's up after the horse has bolted. Tell me where was the DXY & EURUSD pivot points & fib at the time of this chart. In trading It's all about timing and your timing is wrong. And we both know this is not the first time. To stop new traders losing money, you should keep your ideas to yourself.
FxWirePro
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Dont talk as if u are market maker
Cityfox
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Going by your chats you make nothing, don't give up your day job...oops sorry it is.
I like FXwirePro trading style -safe trading. His chart shows 1H down trend of mutiple MA - with high probability price action of crossing line (ichimoku style) plus he provied valuable facts with number.
If people follow with consistence trade Lot (same a mount every single trade) - you will be surprised .
Dont blame him... :|