Despite brief hike-up during the release of worse than expected US NFP last week, EUR/USD were retaining it's bearish trend up to this moment. If you're familiar with Elliot Wave, expect the fifth wave to be around 1.1395.

Dear Traders,

Despite brief hike-up during the release of worse than expected US NFP last week, EUR/USD was retaining its bearish trend up to this moment. If you're familiar with Elliot Wave, expect the fifth wave to be around 1.1395.

NFP (Non-Farm Payrolls) was reported at 160k, far below its expected rating at 203k which is the lowest record since previous quarter in September, while unemployement rate remained at 5%. Also, participation rate of labor supply decreased from 63% to 62.8%

Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EUR/USD