Hello and welcome to 2010.
We hope everyone had a great holiday season and a wonderful new year.
Getting into the EUR/USD, it looks as though we’re forming a potential Expanding Triangle. The longer term trend is down so look for a potential retracement back up to the 1.4500+ area before heading back down. On the down side, look for the 1.4000 and down to 1.3800.
For the upcoming NFP, look for a potential target of 1.4410 to the upside and 1.4247 for a potential target to the downside.
Good luck with the upcoming NFP. Be sure to lock in your profit and monitor your trades.
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Thank you for the post it is great analysis,pls advise us regularly your view,wishing you all the best.
Regards