Forex Analysis after NFP Reaction: EUR/USD & GBP/USD

2 min read

Dear Traders,

The NFP numbers were positive for the US last wek Friday and hence the US Dollar strengthened 150-200 pips on most currency pairs.

Therefore, the GBP/USD continued its decline but also the EUR/USD moved down lower despite its massive uptrend.

  1. The EUR/USD 700 pip uptrend was unable to break above the round level of 1.20 and the large bearish daily candle makes a larger correction very likely.
  2. The GBP/USD broke the support of the rising wedge chart pattern and is also expected to continue with the bearish pressure.

See the entry ideas, targets and more in the video below.

Many green pips,

Chris

More info on our ecs.SWAT course and trading system

Twitter: @EliteCurrenSea

YouTube: Elite CurrenSea

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of