Okay so im going to keep this brief ,
You can see we have broken trend line support.
Big day for this pair , NFP @ 13.30 whats prob more important than the overall figure is the MKT is focusing right now on the Av.hourly rate.
Remember last NFP was positive on employment change, but negative for the other for Av.Earnings and Unemployment rate and the USD dumped.
So if we get a repeat this will quickly magnate towards the 0.38 fib retracement line in our opinion a 100 pips away .
The Greenback is weak at the minute and doesn't need much of an excuse to get the sellers stirred up .
So post figures if it misses only ...............
Short @ MKT
Stop loss @ 110.50 tight
TP @ 1.09-1.0920 levels near the FIB Line
Have a great weekend guys !!!!!!!!!!!!!!!
You can see we have broken trend line support.
Big day for this pair , NFP @ 13.30 whats prob more important than the overall figure is the MKT is focusing right now on the Av.hourly rate.
Remember last NFP was positive on employment change, but negative for the other for Av.Earnings and Unemployment rate and the USD dumped.
So if we get a repeat this will quickly magnate towards the 0.38 fib retracement line in our opinion a 100 pips away .
The Greenback is weak at the minute and doesn't need much of an excuse to get the sellers stirred up .
So post figures if it misses only ...............
Short @ MKT
Stop loss @ 110.50 tight
TP @ 1.09-1.0920 levels near the FIB Line
Have a great weekend guys !!!!!!!!!!!!!!!
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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.