EURUSD climbed 200 pips since the Interest Rates yesterday. Today NFP comes out as well.
This is also a very important event which does affect the market.
All week, we've been looking for a possible end of the pullback, but that impulse yesterday took price back to the previous high.
However, we're still in a downtrend on the Daily timeframe and that's something we should not forget.
We don't recommend looking for trades right now, but if we see price possibly reaching the zone,
leaving a wick and rejecting it, then we can expect a downside continuation.
The best opportunities in case of positive news and strong USD will be on the stock currencies.
This is also a very important event which does affect the market.
All week, we've been looking for a possible end of the pullback, but that impulse yesterday took price back to the previous high.
However, we're still in a downtrend on the Daily timeframe and that's something we should not forget.
We don't recommend looking for trades right now, but if we see price possibly reaching the zone,
leaving a wick and rejecting it, then we can expect a downside continuation.
The best opportunities in case of positive news and strong USD will be on the stock currencies.
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.