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Euro / U.S. Dollar
Short

EURUSD 02-06 March 2020

By RCtrader2
Updated
The pair has made a strong bullish run to previous support and moved even higher. My view is that that should cool down and give us a consistent retracement.
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The price went higher than I expected it to get, but a retracement to 1.1100 is possible.
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The price made a retracement to 1.1100 as I thought it would, but has spiked 30 pips a couple of minutes ago.
Note
(70+ pips)*
Note
The spike is the cause of the FED emergency cut rate from 1.75% to 1.25%.
Note
The spiked was caused by the FED emergency cut rate from 1.75% to 1.25%. :)
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Key event today. ADP Non-Farm Employment Change.
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A third top is being made on the 1h/4h chart.
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A new higher high was made on the 1h/4h chart.
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The price reached the 100 and 200 EMAs.
Trade closed manually
EURUSDeurusdshortHead and ShouldersSupport and Resistance
RCtrader2

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