Non-Farm Payroll numbers are due today, after a strong decline EURUSD has settled into a consolidation/bear flag formation.
I've been watching for a breakout of this range for a while now and while the structure of the flag has changed, the overarching idea is the same - looking for a break below the range to continue the larger trend.
Non-Farm Payroll tends to bring with it spikes of volatility and can often be the catalyst to begin a new trend or new leg of a trend, which is what we're watching out for today.
I've been watching for a breakout of this range for a while now and while the structure of the flag has changed, the overarching idea is the same - looking for a break below the range to continue the larger trend.
Non-Farm Payroll tends to bring with it spikes of volatility and can often be the catalyst to begin a new trend or new leg of a trend, which is what we're watching out for today.
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