Its better to let the market to show a bit more details about the direction with new released reports.
As I expected the price fell back below 1.080 level again.
* ECB most likely to keep the rate unchanged in September with economic reports.
* US unemployment rate is rose to 3.8% from 3.5%.
* U.S shows adding more jobs and raising unemployment rate is a sign that FED might pause rate hiking.
However, current market condition to me still bearish.
Look for a short position with bearish confirmations (only if the market shows up any confirmation at the highlighted level)
As I expected the price fell back below 1.080 level again.
* ECB most likely to keep the rate unchanged in September with economic reports.
* US unemployment rate is rose to 3.8% from 3.5%.
* U.S shows adding more jobs and raising unemployment rate is a sign that FED might pause rate hiking.
However, current market condition to me still bearish.
Look for a short position with bearish confirmations (only if the market shows up any confirmation at the highlighted level)