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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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade