Price Action analysis of eurdollar Forex Technical update
Hi Readers,
Euro has managed to hold the area above 1.2450 & looking good to test another crucial resistance and psychological level around 1.2600
For price action traders it is quite necessary to look for reward to risk & price is reacting to previous highs but as we are approaching NFP today, I am expecting and going with the recent approach to high.
You can wait for the release of Non-Farm payroll or you can take small risk but make sure that you protect your entry with protective stops.
Buy Euro/usd 1.2480
Stop 1.2435
Target 1st 1.2580
Second 1.2650
Euro has managed to hold the area above 1.2450 & looking good to test another crucial resistance and psychological level around 1.2600
For price action traders it is quite necessary to look for reward to risk & price is reacting to previous highs but as we are approaching NFP today, I am expecting and going with the recent approach to high.
You can wait for the release of Non-Farm payroll or you can take small risk but make sure that you protect your entry with protective stops.
Buy Euro/usd 1.2480
Stop 1.2435
Target 1st 1.2580
Second 1.2650
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