FX-TradingLions

EURUSD | could potentially sink down further

Penjualan
FX:EURUSD   Euro / Dollar AS
Hey Traders!

NFP came out positive for the US dollar we saw some bearish pressure, althought we are currently on a bullish channel, I believe we might re-test lower maybe the previous area of support which is around a 30-40 pip move to the downside, then we have 200 moving average that is about 50 pips away, if all this is broken then we might see a higher timeframe bearish continuation starting to happen which could take this trade much lower.

Overall this is a pullback trade, so these tend to be a lot riskier, its also friday so the lack of volatility might not take this trade anywhere, maybe even a pullback back to the moving averages, and only next week we might see this trade develop further.

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