EURUSD outlook for the next week, waiting for NFPThe next targets could be fibo50%, to 1,120, and the next test of the trendline at 1,129, close to the 0.618 fibo important to understand if this bullish sprint really hiding something more than just a swing upward in a movement facing down...
RSI+ MA seems now near a new attempt for a bullish momentum and direction..
The market movers that await euro-dollar in the coming week could therefore play a crucial role, just as has happened with the US GDP previous week..
Nfpday
SEX Set-up *Sorry I meant SPX500 ;)It is about time us Bears got together and smashed this cheeky bugger off the worlds top spot.
As you can see here we have combined waves of tightening wedge formation on the chart.
We also have some strong fundamental key events to help drive emotions and stretch budgets.
The cloud of short interest is growing and if we slam hard come NFP we will be able to see a phenomenal short-medium term drop off and correction in price.
Tell the FED to pack some Vaseline