Hello traders,
The Fridays non-farm payroll surprised a lot of participants but it was a very expected scenario for the people who have followed Fed closely.
After the big drop in EUR/USD it was a matter of time to reach the moving averages 1 by 1 (minute - hour and maybe daily)
figure: An hourly triangular moving average which I use here for first time
We see that it has reached today the level 1.076. According to Median price it should reach 1.0782. (which it already reached)
Because it is Monday the scenario should be a see-saw range around this level 1.076-1.078 with a possibility to reach 1.08 and to there or at level 1.075. We have no major events so only hidden such could trigger bigger movement.
I suppose the real trading should begin in the middle of the week.
Good luck everybody (and me too)
The Fridays non-farm payroll surprised a lot of participants but it was a very expected scenario for the people who have followed Fed closely.
After the big drop in EUR/USD it was a matter of time to reach the moving averages 1 by 1 (minute - hour and maybe daily)
figure: An hourly triangular moving average which I use here for first time
We see that it has reached today the level 1.076. According to Median price it should reach 1.0782. (which it already reached)
Because it is Monday the scenario should be a see-saw range around this level 1.076-1.078 with a possibility to reach 1.08 and to there or at level 1.075. We have no major events so only hidden such could trigger bigger movement.
I suppose the real trading should begin in the middle of the week.
Good luck everybody (and me too)
