Forex EUR/USD Daily Video, May 07, 2021

Sive Morten

Special Consultant to the FPA
Good morning,

EUR shows strong performance. We do not expect fiasco with NFP, so numbers should be either very strong or around expectations-slightly better. In 1st scenario we do nothing and wait for deeper retracement, while in 2nd scenario we should get chance to step-in around 1.2040 area, based on H&S pattern that we've discussed yesterday: