Exciting Thursday & Friday as the Market Awaits the First NFP of the Year

Exciting Thursday & Friday as the Market Awaits the First NFP of the Year

forex blog

Exciting Thursday & Friday as the Market Awaits the First NFP of the Year

EURUSD – Today is in a position to short from the resistance levels at the top of the channel and ok to buy if it fallsback down to the channel bottom. Waiting for the news and taking advantage of it is going to bring in the bacon.

USDCHF – Same scenario with this pair. We will wait for the market's reaction and decide as the market reaches out to our assigned levels.

 

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***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.

 

HIGH RISK WARNING:

Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

 

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