#EURUSD, Correction or Reversal? #NFP #Forex
Is it a bird, is it a plane? No, just the NFP sending the USD higher.
As we meet critical points, the question becomes "is this a reversal or just another pullback. EURUSD traded perfectly into a support level. It looks like an excellent risk:reward opportunity to buy this level and target a retest of the highs but I do not want to jump in front of this bus so I am going to wait and see if we see price stabilise at support and show some bullish momentum. Worth waiting a while to see how this pans out, be patient.
As we meet critical points, the question becomes "is this a reversal or just another pullback. EURUSD traded perfectly into a support level. It looks like an excellent risk:reward opportunity to buy this level and target a retest of the highs but I do not want to jump in front of this bus so I am going to wait and see if we see price stabilise at support and show some bullish momentum. Worth waiting a while to see how this pans out, be patient.
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