Sive Morten
Special Consultant to the FPA
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Good morning,
Bearish NFP momentum is strong and recent drop fits to weekly setup, which suggests downside continuation. This is the reason why we also gravitate to bearish short-term view on the market. As final confirmation we need to keep an eye on breakout of intraday 5/8 Fib support and trend line:
Bearish NFP momentum is strong and recent drop fits to weekly setup, which suggests downside continuation. This is the reason why we also gravitate to bearish short-term view on the market. As final confirmation we need to keep an eye on breakout of intraday 5/8 Fib support and trend line: