As i said yesterday, NFP is the most dangerous economic indicator. No one can predict.
Also this lately we see that bad news become good news and good news become bad news. So, prepare for the "Unexpected".
The best thing is wait after NFP news out then we can see clear direction either long or short.
The huge short we saw yesterday was still in the barriers of the long term up channel and today there was a nice pino bar that right on the trendline. I've only read the past 10 pages of this thread but I tend to agree with you Quick, I think it's headed up. When it hit the high a month ago, I think it was just a test and it's headed up there again. Can't tell you where, just ultra noobie speculation but I tend to agree. Also, if we look at data from the past year, every big short in a small timeframe has rebounded in a just as large miniuptrend, if not larger.
That's my 2 pips. Not worth much though (haha)
Edit: To add, look at the US economy. If the dollar gains strength it's definitely not a long term thing imo.
