EURUSD MARKET MOVE SIDEWAYS AHEAD OF FRIDAY NFP RELEASE
October 7/2021
Ahead of Tomorrow NFP release the whole major currency pairs greed and fear sentiment remains neutral, as both the bulls and bears push the price into consolidation.
A break in market value to the downside could trigger the actions of the bears if at all the NFP reports came out bearing positive results. As of now the market volatility condition approach the mild state. Furthermore, the EURUSD tends to be approaching a new support level below the current demand zone.
While it's best to keep all open trades close it should be noted that increase volatility can expose your trading account to a high risky condition.
Indicator analysis
RSI is currently below 50 as at the time of writing this analysis hence a break beyond this level could result in oversold market value.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
October 7/2021
Ahead of Tomorrow NFP release the whole major currency pairs greed and fear sentiment remains neutral, as both the bulls and bears push the price into consolidation.
A break in market value to the downside could trigger the actions of the bears if at all the NFP reports came out bearing positive results. As of now the market volatility condition approach the mild state. Furthermore, the EURUSD tends to be approaching a new support level below the current demand zone.
While it's best to keep all open trades close it should be noted that increase volatility can expose your trading account to a high risky condition.
Indicator analysis
RSI is currently below 50 as at the time of writing this analysis hence a break beyond this level could result in oversold market value.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers: