With the Violent News (NFP) there was a huge Liquidity inflow, a lot of technical out looks were reset and the USD, might have finally taken a new direction. With Powels outing and the Non Farm Payrolls beating estimates, the Dollar might edge higher.
Concerning our trade, we had a comfortable stop loss also place above a psychological resistance. Despite the drawdown, we are still in the position and will see the EUAUD edge lower as expected.
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Concerning our trade, we had a comfortable stop loss also place above a psychological resistance. Despite the drawdown, we are still in the position and will see the EUAUD edge lower as expected.