Sive Morten
Special Consultant to the FPA
- Messages
- 22,091
Morning folks,
So, from technical point of view, it is not too many things to comment. EUR keeps technical bullish context with daily grabber on board, but uncertainty is high. Mostly because of possible ground operation in Iran and coming NFP report. And all this stuff will happen on a thin market as EU will be closed on Monday as well... So, as we said in a very bad scenario, on Monday morning we could wake up with daily downside butterfly pattern...
On 4H chart we have nothing to comment while on 1H chart we've got the bounce as we wanted it, but now market still stands relatively close to the same level, so, long entry could considered. Hopefully we get at least AB=CD pattern today that let us to move stops to breakeven. It would be better to not hold positions through weekend without breakeven stops...
So, from technical point of view, it is not too many things to comment. EUR keeps technical bullish context with daily grabber on board, but uncertainty is high. Mostly because of possible ground operation in Iran and coming NFP report. And all this stuff will happen on a thin market as EU will be closed on Monday as well... So, as we said in a very bad scenario, on Monday morning we could wake up with daily downside butterfly pattern...
On 4H chart we have nothing to comment while on 1H chart we've got the bounce as we wanted it, but now market still stands relatively close to the same level, so, long entry could considered. Hopefully we get at least AB=CD pattern today that let us to move stops to breakeven. It would be better to not hold positions through weekend without breakeven stops...
