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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