NFP WEEK
We have marked out obvious support and resistance levels on our chart and below are the things we are looking for this coming week, here we have 2 possible outcomes.
1. Price will continue last weeks bullish run and reach resistance level 1295.024 now if the bulls continue to be strong this level could be smashed and price could eventually reach resistance of 1322.260 overtime ( remember this is a swing trade so could be held over a couple of weeks depending on volatility )
2. If price breaks and closes below 1280.060 we could see price fall from the sky as the next obvious support level is miles away.
This week sees loads of high impact news involving USD
Monday high impact x1
Tuesday high impact x2
Wednesday high impact x6
Friday high impact x4 including NFP!
We are expecting quiet a lot of movement with this pair as a consequence of all the high impact news, and if you have ever traded NFP week before you will know the market can be a very choppy place.
Now this is only our analysis and ideas we will be keeping our eye on from the week ahead.
Trade with caution.
1. Price will continue last weeks bullish run and reach resistance level 1295.024 now if the bulls continue to be strong this level could be smashed and price could eventually reach resistance of 1322.260 overtime ( remember this is a swing trade so could be held over a couple of weeks depending on volatility )
2. If price breaks and closes below 1280.060 we could see price fall from the sky as the next obvious support level is miles away.
This week sees loads of high impact news involving USD
Monday high impact x1
Tuesday high impact x2
Wednesday high impact x6
Friday high impact x4 including NFP!
We are expecting quiet a lot of movement with this pair as a consequence of all the high impact news, and if you have ever traded NFP week before you will know the market can be a very choppy place.
Now this is only our analysis and ideas we will be keeping our eye on from the week ahead.
Trade with caution.
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