Hey, traders. Friday again. Hope you guys have nice weekend.
Let's check EURUSD for today quickly.
We can see
1. the long-term descending channel
2. the price dropping by resistance on 1.01000
3. overlapped support on 0.97400 and 0.95500
We should check
Friday - British Construction PMI, ECB President Lagarde Speaks, US Nonfarm Payrolls, US Unemployment Rate
We can expect
1. the price keeps dropping to 0.94000 by following the descending channel.
2. jumpin up for short and drops by resistance on 0.98700
After FOMC, EURO price has been dropping and I'm expecting to drop to 0.94000.
There is a jumping up for short but this is just a technical rally.
If you don't have short position, there will be chance to have it on 0.98100 or 0.98700 soon.
Let's see if we can have that chance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Let's check EURUSD for today quickly.
We can see
1. the long-term descending channel
2. the price dropping by resistance on 1.01000
3. overlapped support on 0.97400 and 0.95500
We should check
Friday - British Construction PMI, ECB President Lagarde Speaks, US Nonfarm Payrolls, US Unemployment Rate
We can expect
1. the price keeps dropping to 0.94000 by following the descending channel.
2. jumpin up for short and drops by resistance on 0.98700
After FOMC, EURO price has been dropping and I'm expecting to drop to 0.94000.
There is a jumping up for short but this is just a technical rally.
If you don't have short position, there will be chance to have it on 0.98100 or 0.98700 soon.
Let's see if we can have that chance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
