EU is looking pretty bullish (in my opinion.) Euro has been dropping quite a bit against the US Dollar. The above mark up is showing bullish divergence on the 1H. And price is at previous support on the Daily. Folks are predicting a bullish US Dollar for NFP so with the charts looking the way they are and everyone’s predictions, this will be interesting to see how it plays out.
I’m currently not in any trade for this pair, but thought it would be interesting to share my view and watch what happens.
Happy trading everyone!
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Trade active
I actually got in a buy where my blue line is this time. SL already in profit.
Let’s see what NFP does. :)
Trade closed manually
This was from Friday morning, NFP. I ended up getting in on a buy and closed out minutes after the release. Had a successful day!
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