EURUSD may attempt to break the monthly top before the drop or may just drop right away. I can see a confluence of the completion of two impulses of different degrees, we expect a correction now or a total reversal as we wait for the nfp numbers. I will keep this chart updated, thank you for your support.
@abel11, i hope it was just a NFP dip and it will continue with the trend to 1.24 and even to 1.25 before drop
abel11
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@Rushd.bitar, hope so, i am a bit careful with any buy right now
Mahtab_Tradia
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Good job
abel11
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@Mahtab_sh, thank you for stopping by
abel11
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what's on your mind about this pair?
Jazzmelia
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I apologize for my lack of knowledge but what is nfp? I'm a beginner/intermediate trader, still learning all the forex terms.
abel11
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@Jazzmelia, non farm payrolls which is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report. its is reported first Friday of every month.