We had no bullish follow through after the the release of the NFP numbers.

Therefore traders might be considering to continue to short the eurusd in accordance with a dovish view of central banks for the euro.

Please take note that preferably one should short a weak currency against a strong one which might be the right thing to do for the eurusd.

I designed a symmetrical triangle where a tight stop could be placed over the upper part of the triangle or a second trade suggestion might be to wait for the actual outbreak, wait for the retrace and then to pull the trigger in direction of the outbreak.

The target would be the 1.05000 to 1.05500 .


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