The EUR/USD uptrend saw strong bearish momentum appear after the NFP event. The bearish reversal could continue if the price stays below 1.1825. The same is true for USD/JPY that is ready to bounce at 110.50 for a bullish bounce towards 111.60 and the GBP/USD for a bearish bounce at 1.31.
Video Length: 00:10:13
Disclaimer: Trading foreign exchange or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a ...
Disclaimer: Trading foreign exchange or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. You should ensure you understand all of the risks. Before using Admiral Markets UK Ltd services please acknowledge the risks associated with trading.