Now that EURO,GBP and USD/YEN reached their bottom ( extimated bottom) they are expected to firm up and rise after some volatile moves during NFP data release time (13:30 GMT).
As I have explained during the webinars first week of the month they make the volatile moves and set the tredning moves from second week of the month.
This week - Monday and Tuesday they have been holding high and building sell positions but we mostly perceived as buy opportunities but the players were building sell positions.Our perception may be based on various types of technical and fundamental analysis.But the players made the either way stop hunts on Wednesday - mid week.That was perceived as correction to buy again expeting further rise.Yesterday after interest rate decisions they made the silent drop from US session.Then the bearish feel gripped.Now they may another small dip and traders have turned bearish.But the players are the buyers against their sells and building buy positions.We will see their intentions revealed after NFP data release.They are expected to firm up till data release time - then after brief volatile moves during data release - they are expected to swing and rise during late European and US session as week end move.
Next week Monday there may be a brief week beginning false move during late Japanese and early European session followed by upward trending moves may be seen for another 2 weeks.
Please use this info as a guiding factor and use your own analysis and take trading decisions as you are the master in controlling your risk and maximizing the rewards in your trades.
Wish you all nice week end.