EURUSD – The NFP Effect

EURUSD Daily

 

EURUSDDaily-SupplyDemandTrading

 

After the negative numbers on NFP last Friday, EURUSD fired up on massive volume, and is now getting to the point of previous distribution. A lower timeframe will show the recent picture more clearly.

 

EURUSD H4

 

EURUSDH4-SupplyDemandTrading2

On H4 we see that there is some supply at this price level, but with the massive buying on NFP that took place, I expect major players to be still supporting an up move, until they can sell more of their positions – there is still room on the upside to go.

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