EUR/USD continues to struggle as price is calculating risks and creating liquidity before moves start happening. There is not trade setups on this pair until we get a test of 1.1860 again.
Wait for Price to retest resistance level of 0.7320 before entering short.
Price has broken resistance level of 109.90 so now traders should focus there attention on waiting for price to retest 109.90 as support before entering long as this is a trend continuation trade and will need a retest before any long trades are initiated.
This pair will continue to fall and NFP report should support the fall.
Markets are preparing for the classic NFP Report which will result in movement in the market and it seems from early indications that we may be getting a positive NFP report.
I wouldn't enter long on the EUR/USD or short because of many reasons but one thing I'm paying very close attention to is how the daily supply zone has not been completely consumed meaning that bullish candles have not been able to close above the red box which is leading me to believe that there are sellers above this supply zone, one thing to pay strong...
This pair may be under going a consolidation period now before the next move up. Have to wait and see what happens the next few days.
I've shorted GBP/USD at 1.3210 Stop loss is placed at 1.3280 Take profit is set at 1.3150 (conservative take profit) Price is currently in major supply zone and expecting a rejection at any moment now.
The big question everyone has now a days is when is the EUR/USD going to go down and that's something only the big boys know who control the market with trillions of dollars. The one thing I can say now is were heading into some very critical levels now and I really feel like its now or never for the EUR/USD. I'm going to explain a couple of reason to start...
I am currently short on USD/CHF at 0.9700 with stop loss set at 0.9740 and take profit set at 0.9546 Please be very careful with this pair because this pair tends to jump a lot unexpectedly but from just studying the chart, I am confident that I will be able to get 3 times profit from my initial risk. Trade with care and Good Luck.