PRE NFP EURUSD Watch for 1.0825 and 1.0945

Posted By Posted On 10 January 2016

The EURUSD is waiting for NFP report and we can see that the price has been ranging all morning. At this point we should pay attention to 1.0825 to the downside and 1.0945 to the upside.
Technically, we can spot Adam and Adam pattern which pushed the pair to the upside and on H1 it looks bullish. But because NFP WILL move the market we need to pay attention to levels and zones.

If the pair breaks 1.0945 It should target 1.1000 and 1.1050. If the price breaks below 1.0825 targets are 1.0790 and 1.0730. In between it’s no man’s land. The report should generate a lot of volatility so be prepared.


Related Posts - The Website will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts. Please be fully informed regarding the risks and costs associated with trading the Forex Markets, it is one of the riskiest investment forms possible. Currency forex trading on margin involves high risk, and is not suitable for all investors. Before deciding to forex trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.