Forex Signals – Quick Update

EURUSD Market Outlook

Yesterday big move came after major Central Banks joined hands to provide quick emergency loans to banks around the world, mainly to European banks.

Since the big move yesterday market has been relatively slow and had moved sideways. Today we are likely to see continuation of bullish momentum, however NFP is around the corner and market is likely to move sideways.

Earlier on Monday we looked at EURUSD Weekly chart and predicted an upside movement. Here is the chart at the beginning of the week.

Forex Signals

Keeping in mind big economic numbers due out today and tomorrow, I suggest to exercise caution and avoid any unnecessary trades.

Don’t agree with this analysis? Leave a comment below.

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