Friday EUR-USD fell on US NFP report. We had 2 doji candles followed by a bearish candle on the daily chart, signaling that the market top was in place and we were to see a drop in prices on NFP report release.
Now we have a Shooting star on the WEEKLY chart. The short term bias for this week is bearish with support coming in at 1.4007. I would be careful not to short EUR-USD until Friday's low of 1.4154 is tested atleast once.
For MONDAY: the EURO and US sessions are rather light on reports/news and trading will be mostly technical.
Now we have a Shooting star on the WEEKLY chart. The short term bias for this week is bearish with support coming in at 1.4007. I would be careful not to short EUR-USD until Friday's low of 1.4154 is tested atleast once.
For MONDAY: the EURO and US sessions are rather light on reports/news and trading will be mostly technical.
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