EURUSD - correction or reversal?
We had Non-farm payrolls on Friday. Although, we saw higher numbers, the unemployment in USA remains high.
That affected the US dollar and that's why we saw decline in price.
Technically we have a breakout of the H1 trend line and price is currently testing it.
This gives us an opportunity to expect a move up to 1,1905 with possible stops below the 1,1800 level.
As soon as price starts climbing make sure to reduce your risk by moving your SL to your entry level.
We will get a confirmation only when price actions reaches even higher values, but before that we should be cautious!
Do you have any active trades on EURUSD?
That affected the US dollar and that's why we saw decline in price.
Technically we have a breakout of the H1 trend line and price is currently testing it.
This gives us an opportunity to expect a move up to 1,1905 with possible stops below the 1,1800 level.
As soon as price starts climbing make sure to reduce your risk by moving your SL to your entry level.
We will get a confirmation only when price actions reaches even higher values, but before that we should be cautious!
Do you have any active trades on EURUSD?
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