Short on EUR/USD Based on Supply & Demand logic
Today we have some big news coming up. Nonfarm payrolls, so we can expect some nice volatility in the market. We have equilibrium in price at 1.12700 with a stronger drop out of that price range , suggesting an inbalance in that pricezone. If and when price returns to that level i expect a drop in price to the areas i marked. Also the US Dollar Index sitting in a small demand Zone, suggesting a little rally could happen. With this information, i think shorting the euro vs usd with smart money management is possible.
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