Price is at the fair market value or at the 200 day moving average.

The stochastic oscillator is at the 20 % level so I expect price to provide us with some bullish retracement.

Price is also at an area of previous support acting now as resistance. Therefore it is likely for some buyers to come into the market.

Tommorow is NFP which might bring lots of volatility. Ideally I would like to see price moving up to the upper bollinger band and short from there.

Best of PIPS

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Nuno Lampreia

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