Wednesday, January 6, 2016

EUR/USD Update for week ending January 8th.

EUR/USD breached the lower trend line of my descending wedge and now appears to have turned into a channel. My predication for the end of the week is upside for EUR/USD to test upper trend line at 1.0900. I have a daily buy signal as I will take heading into Non Farm Payroll news on Friday. I will more than likely have a breakeven stop set for the news. Very risky for most traders but I'm not most traders. Stick to your trading plan and if your plan is correct everything starts to come together in view.
Good Luck and Happy Trading.

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