EURUSD before NFP!

EURUSD has been consolidating after the break of shorter term trend line indicating that it would have more down side possible. Looking at the structure that has bee going on in EURUSD a 4th Wave Triangle might be forming and if that is true than the pair should not go below 1.05168 which was B wave bottom and if the pair turns before that than one can go long for Wave E which could rally above 1.1400.

Happy Trading!!

Siraj Hudda, CFTe

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