A nice correction in the EURUSD led this currency pair right back down to good support levels. Check out the chart for yourself. Since I think the US non-farm payroll data will disappoint and given the current support levels I think it is a great time to enter some new trades here. I am looking to get at least 300 pips out of this one, but let’s see how this trade will unfold. I have already added my pending orders which have been triggered. See for yourself if this currency pair suits your trading style.
What are the fortunes for the USD/EUR? My forex signals and other economic indicators are not predicting positively.
That depends on your timeframe and trading style. Long-term I am very bullish on the EURUSD.