This is how we trade now:


Trading strategy: Long

Open: 1.1530

Target: 1.1750

Stop-loss: 1.1430

Recommended size: 1.50 mini lots per $10,000 in your account

Short analysis: EUR/USD'S recovery on Thursday was curtailed by a key Fibo and the daily cloud base which have both converged to provide formidable supply at 1.1546. We said yesterday that today’s U.S. non-farm payrolls could change the market picture and in fact, EUR/USD bulls are getting stronger. We opened long at 1.1530.

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