EURUSD. We’re waiting for the impulse to go up on the NFP!
Daily chart: euro keeps upside potential towards upper Bollinger band (1.1219). But with today’s NFPs coming out, the targets could be much more daring, somewhere in the 1.1300 zone.
H4: the local trading range is equal to the size of the top Bollinger envelope (1.1130-1.1186). Thus, the most optimal trading tactics today will be purchases from the middle band (1.1130) in anticipation of a breakthrough in the 12th figure.
H1: Inside the day, the pair will be waiting for news in an even narrower corridor, 1.1140-1.1167 (Bollinger Bands). We’re waiting for the flute to continue until the news is published, and then a sharp upstroke.
Expectations: Flat in the range of 1.1140-1.1167 and then a sharp increase to 1.1219 and 1.1300.
Trading Solutions: Purchases from 1.1140 to 1.1219 and 1.1300.
FreshForex cancels swaps on metals until October 31!