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After The NFP First Friday News Action, How To Read On Chart The NFP Reaction All The Month?

News Date: 5/10/2014 20:09:53
 

The big market movers are in the NFP wave by pumping lot of orders in one way and NFP wave each first Friday damage historic levels. On EURUSD last Friday after NFP release better than expected, EURUSD fell down from 1.261 reaching 1.251 as an NFP wave of 100 pips fall in one direction.

By placing 2 lines one as NFP support 1.251 and the other on 1.261 as NFP resistance, we will monitor the steps followed by the big market movers. In other words when the market is under 1.251 which big orders still in the market and price might fall more and when the price is above 1.261 which mean all big orders been closed and the market is correcting.

Provided By Fxhighway  

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