next week, prior to release NFP July 2010, Will Eur/USd show Bullish trend? - Forex Questions and Answers - FXAnswer

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next week, prior to release NFP July 2010, Will Eur/USd show Bullish trend?

yes/no Why?

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In Fundamental Analysis
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- Steve
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1 year ago

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eur

usd

NFP

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0 Votes yes it will by certicex 1 year ago by certicex 1 year ago
0 Votes As a news trader, I trade the news figure but if the sentiment is bearish or bullish before the release then EUR/USD will move in the direction of the sentiment. by Harold 1 year ago by Harold 1 year ago
0 Votes It's difficult to say but looking at the weekly chart it may be in a retracement heading up perhaps next week to between 1.2509 to 1.2600. Therefore presently it may be in a bullish trend but generally it it is still bearish. by RPT 1 year ago by RPT 1 year ago
0 Votes reely no one know by hanan 1 year ago by hanan 1 year ago
0 Votes No one really knows. by thegreeks 1 year ago by thegreeks 1 year ago
0 Votes nobody knows by certicex 1 year ago by certicex 1 year ago
0 Votes As I presume the risk appetite will return next week, I belive that EUR/USD pair will show bullish trend at the first part of the week. by Kingpin 1 year ago by Kingpin 1 year ago
0 Votes IMO, EURUSD is currently in a bullish trend 1H, 4H and 1D. by Warren 1 year ago by Warren 1 year ago
0 Votes As a general rule, positions for the week of the NFP are taken in the direction of the forecasted data. In this case, a bearish trend for the EURUSD with the NFP forecasted Employment Situation at -104k vs. +431K previously) and Unemployment is forecasted at 9.8% vs. 9.7 % previously. by Tyce 1 year ago by Tyce 1 year ago

Votes

yes it will

certicex

1 year ago

Votes

As a news trader, I trade the news figure but if the sentiment is bearish or bullish before the release then EUR/USD will move in the direction of the sentiment.

Harold

1 year ago

Votes

It's difficult to say but looking at the weekly chart it may be in a retracement heading up perhaps next week to between 1.2509 to 1.2600. Therefore presently it may be in a bullish trend but generally it it is still bearish.

RPT

1 year ago

Votes

reely no one know

hanan

1 year ago

Votes

No one really knows.

thegreeks

1 year ago

Votes

nobody knows

certicex

1 year ago

Votes

As I presume the risk appetite will return next week, I belive that EUR/USD pair will show bullish trend at the first part of the week.

Kingpin

1 year ago

Votes

IMO, EURUSD is currently in a bullish trend 1H, 4H and 1D.

Warren

1 year ago

Votes

As a general rule, positions for the week of the NFP are taken in the direction of the forecasted data.

In this case, a bearish trend for the EURUSD with the NFP forecasted Employment Situation at -104k vs. +431K previously) and Unemployment is forecasted at 9.8% vs. 9.7 % previously.