Forex Trading: Short EURUSD after NFP
I just went short the EURUSD at 13050 following the move higher post NFP. The reaction sent price back to the European highs (and high for the day). A stop is 13100 and the target is 12960. I'll be looking to flip and get long at that level (trendline).
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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Jamie is the author of Sentiment in the Forex Market.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.