Trading news

PRE NFP Report: EUR/USD has Almost Completed ABCD Pattern

The single most important event today is NFP with Average Hourly Earnings and Unemployment rate. The data that comes out will determine next movement of the EUR/USD pair. Currently the EUR/USD has almost completed the bearish ABCD pattern which still can retrace within the POC zone. POC zone 1.0680-1.0695 (ATR low, EMA 89, L3, DPP, Trend line) should either reject or break, depending on the US data today. If it rejects next targets are 1.0760 and 1.0810 followed by 1.0870. If the EUR/USD breaks below the POC zone - 1.0780 traders should watch for 1.0760 and 1.0630 followed by 1.0580. US data will be very volatile today so I suggest using a VPS protection tool.

Admiral Markets Review

Friday, 03 Feb, 2017 / 3:31

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://admiralmarkets.com/analytics/technical-analysis/pre-nfp-report-eur-usd-has-almost-completed-abcd-pattern

Trading news

 

Biden Unveils $1.9tn Aid Package

Jobless Numbers Spike The dollar had a choppy session on Thursday. However, it [...]

Posted on Friday, 15 Jan, 2021 / 12:58 under

Muted Moves In Metals Following Heavy Sell-Off

Gold Following the volatility last week as gold sold off in response to the [...]

Posted on Friday, 15 Jan, 2021 / 12:57 under

Biden’s $1.9 trillion stimulus plan sparks profit-taking

  Stock markets drift lower as Biden’s relief plan raises [...]

Posted on Friday, 15 Jan, 2021 / 10:06 under