Eur/Usd : Breakout coming
With NFP just 2 days away, price is showing a wedge pointing down. Tomorrow's news from England could lead to an early breakout. I am still holding to my EW count and say we're going higher in wave Y. It's also important to know that the alternative count, where wave X isn't finished yet but needs one more low, has a low just slightly lower, just sub 1.08. Of course keep in mind that moves on big news can be exaggerated, so be careful with your stops or use other instruments like buying options.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.