$EURUSD Continues to Fall
Enter your emailThe Non-Farm Payroll announcement coming out on Friday will have a huge influence on what happens next, as it will give us an idea as to where the US dollar is going to be moving.The 50-Dayabove has offered significant resistance, and it’s worth noting that it is sitting right at the parity level.
Furthermore, the 50-Day EMA has been functioning as a downtrend line, so a lot of people have been paying attention to that as well.AdvertisementThe Non-Farm Payroll announcement coming out on Friday will have a huge influence on what happens next, as it will give us an idea as to where the US dollar is going to be moving. At this point, I like the idea of shorting rallies that show the first signs of exhaustion, or just simply selling here and hanging on for the ride lower.
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