Generally speaking, in my opinion, the EURUSD is creating a supply zone at its current sideways movement in order to react to either a Germany Trade Balance report (Prev: 18.1b - Cons:14.4b) or the US Non-Farm Payrolls (Prev:235k - Cons:500k) and Unemployment rates (Prev:5.2% - Cons:5.1%)
I anticipate that we will not see much volatility until from Tuesday 12th Oct next week, following the US Bank Holding on Monday (Columbus Day).
From next week however, the Stochastics D1 and W1 are reaching their over-sold points, and so i expect a generous retracement up to 1.16600 and perhaps further.
I anticipate that we will not see much volatility until from Tuesday 12th Oct next week, following the US Bank Holding on Monday (Columbus Day).
From next week however, the Stochastics D1 and W1 are reaching their over-sold points, and so i expect a generous retracement up to 1.16600 and perhaps further.