Melting EURUSD

2 באוק׳ 2020

A lower low was formed over the last week. There has now been a clear retrace forming a lower high. I would have like price to correct a little bit more. The retrace is at the 50 Fib level. On the expectation of positive dollar news from NFP later on today. I will be looking at taking short positions. We will see what the markets do (we also need to consider that Trump has tested positive for Covid-19).