It’s about 16:20 London time. Actually, the EUR/USD hourly chart looks kind of ugly, going up to 1.4350 within 20 minutes after the NFP numbers were released, but right now it’s kind of looking fine for those of you with short EUR/USD positions.
Here’s the hourly post-NFP masterpiece:
The euro went up in value in the last few hours of Asian forex trading. Today (Friday) is the first day of the new quarter, with the forex markets reflecting a series of manufacturing data from around the world and anticipating even more data later in the day. Will euro’s strength hold? I don’t think so. “With the Greek vote behind us, and Quantitative Easing 2 officially over, all eyes will be on the [US] economy again,” forex analysts at BNP Paribas said as quoted by MarketWatch. So, go dollar, go!
The EUR/USD forex pair is changing hands at 1.4517 at the moment of writing this post.
It’s 11:45am (GMT). I just bought EUR/USD at the level of 1.3255
Stop Loss as per my trading plan
Target: open
The hourly chart of euro/dollar as of now:
Yesterday was a crazy day, so we can imagine that today it could be even crazier as we’ve got the NFP coming out at 12:30 GMT.
I’m so glad I moved my Stop Loss yesterday. The price came within 10 pips away from it, but things are looking better now, not great – obviously, the trade is still in the red, but I feel a bit relieved. Yesterday’s candlestick is a doji so, possibly, the bullish trend is coming to an end.
EUR/USD is currently trading at 1.3935
