EURUSD broke up trend line and down to support around 1.1200. I am Expecting swing up to 1.1250 during Asia hours and early London hours before drop again to 1.1085 target with should be inline with NFP timing. If it can go above 1.1250 then 1.1280 will be next good resistant level for the 2nd short opportunity. Beware of wild swing from NFP and uncertainty of the market.
Comments
DonkeyToni
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@1.1220, NFP will be out soon, it will be quite period before storm (If any.) My view is NFP will be a little better than expect which will drive US Dollar up a bit. Anyway, time to manage the position. Tight SL to at least break even and set TP up to prepare for volatility.
DonkeyToni
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@1.1262, there were some bull coming in. This give us some uncertainty. Tight your stop loss to above 1.1280 as expecting this level to be LL to push price down. Breaking above this level can create new LL, but also HH at TL. Time to put MM skill in action.