An overview of the
currency markets by 
Hello everyone.
We hope everyone had a great NFP trading day and a restful weekend. We’re back and let’s take a look at the EUR/USD.
Two key prices remain in effect to see where the Euro is heading. Our larger term count shows the low on 10/28 to be the completion of Wave 3 on the Daily chart. To determine this, we need to watch two levels.
1.3296 on the upside and 1.2331 on the downside.
If the pair moves above the 1.3296 level, look for continued movement up and would potentially be the 3rd wave of the retracement.
The triangle formation would suggest a down movement, however, shorter time frames suggest there is more room for potential up movement.
It is important to keep in mind that the closer we move to the holidays, the less volume may come into play and pairs may be very erratic with the low volume. Be sure to use your money management and trade with a stop.
Good luck and we’ll see everyone again tomorrow.
