Is has been busy week since have post few trade setups and those which were post went fantastic and specially Where I have mentioned that reversal is on the cards even before the NFP data was released earlier this month.
I would be rather sitting on sidelines as Euro is very well bid up but rally from the highs is sending signals for a test of 1.1125 and below 1.1075 area But that's not important as Institutional Money is out of Market otherwise they would have went along with the break out and go beyond 1.1260 Barrier, but they give up earlier and took their profits and retailers are just moving the price in a range on shorter time frames.
How I spot Eur/usd Reversal when Last NFP data was released
Focus is now shift from risky events to expecting events and when that was happening when Fed start bond buying programme two years ago we see Euro rally a lot and the reason was simple that Situation in Euro Area was the same But the dollar demand was low because Fed did not want strong dollar as their focus was development and provide banks enough liquidity and safety that stock holders start feeling confidence in investing and feel much secure with their Investments in States.
That Bond buying Programm did wonderfully well and we see stock market is at the all time high's and Not even in US but through the world we have seen a rally since last two years. Now Time has come to provide more safety as Fed has create enough employment opportunities for its public and now we soon shall see rate liftoff and that is why September Meeting minutes are very important for Investors around the globe.
