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Traders,
A month sideways movement is definitely valuable after a 1.5-month descending trend .
And the days that price rally up with 300 pips , following with a retest of the bottom, must have lots of account suffering loss.
This red trendline is the very first one to break.
And the blue one is now confirmed as broken.
NFP is a big trigger that could probably help this currency back to a higher position ( 1.193) . But this wont happen in one single day.
Less is more!
Follow us to get more update on weekly outlook every week.
Traders,
A month sideways movement is definitely valuable after a 1.5-month descending trend .
And the days that price rally up with 300 pips , following with a retest of the bottom, must have lots of account suffering loss.
This red trendline is the very first one to break.
And the blue one is now confirmed as broken.
NFP is a big trigger that could probably help this currency back to a higher position ( 1.193) . But this wont happen in one single day.
Less is more!
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