Short on EUR/USD Based on Supply & Demand logic

5 thg 6, 2015

Today we have some big news coming up. Nonfarm payrolls, so we can expect some nice volatility in the market. We have equilibrium in price at 1.12700 with a stronger drop out of that price range , suggesting an inbalance in that pricezone. If and when price returns to that level i expect a drop in price to the areas i marked. Also the US Dollar Index sitting in a small demand Zone, suggesting a little rally could happen. With this information, i think shorting the euro vs usd with smart money management is possible.