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EUR/USD Technical Outlook Before NFP 07/09/2018

After a strong upward move since mid of August 2018, EUR/USD has been running in a corrective mode and the ABCDE pattern has been forming since 28/08/2018 at our H4 Time frame.

For a short term outlook, EUR/USD will probably be corrected to its E leg at around 1.143x level, and from there wave 2 at minor degree is also formed.

In a Technical Points of views I prefer to short before NFP today:

  • Short at current market price
  • Hold the sell short over the weekend
  • Take profit at around 1.145x level

Take your look at the depicted chart for more reference:

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EUR/USD Techncial Outlook Before NFP 07/09/2018 by NamMinh on TradingView.com

Trade well!

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