Dislikedthis is funny
also nfp will have no effect till next week
In fact nfp is awesome for usd. Why ...well with such good jobs growth I bet the fed fund rate futures jump as the path is being paving for the us to raise rate.
Both eu and gu could be in some form of bear flag s on the daily.
I am just taking it day by day.
consider doji (almost) that being formed last month, and 1.4777 in daily chart (it could be wave 1 in upward ) so to break 1.4777 is not easy cos it will decided if US economy will good or not to reach 1.3xxx
i should give chart to make it easy to explain...,maybe latter.
we will see next week what probably will happen.
and you are right, trade it day by day is the way. we talk this cos this is part of our job, "try to predicting the future" before it happen to make 'more gain'.
Green pips for you Malcolmb.
ps: you one of the reasons why i decided to join and active in this forum. cos i think you are good trader. and it's a pleasure for me that you consider (atleast read if not ) my newbie analysis. i'm not kidding and i'm happy now
I will be the number one Manager.