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EUR/USD A mere retracement in the bigger move?
It is the weekends again and i appreciate the spare time i have to reevaluate my charts and gain insights. The EUR/USD took a dive of around 200 pips after Non Farm Payroll. As always, trading in NFP is risky and good money management must be there to mitigate it. I have wrote articles on both. You can find them using the search box. Upon seeing the drop, many folks herald a new age of bearish momentum. In my opinion, i see it as merely a retracement in a bigger move. Of course i am not basing this on my "gut feel" or "instincts".