Long Bias Available yet

EUR/USD 1-hour chart, source: forexfactory.com After the U.S. non-farm employment changes shown, Euro is on Long Position against U.S. Dollar. Shocking news on the payroll signaled Fed would not raise the benchmark rate at least this month. The moving in the channel seems unstable before the surge or the plunge and the currency pair EUR/USD may take the adjustment though it rises high. EUR/USD 4-hour chart, source: forexfactory.com The price band from 1.1220 to 1.1240 has acted as the resistance price band before and it will be the support band this time. That is, the currency pair price is adjusted till the band and rebound again. If long position gained, loss cut is set below the price band. News is positive to Euro, too. Janet Yellen, Federal Reserve Chair signaled Fed wouldn't raise the Federal Fund Rate this month but it would be raised gradually. She indicated on Monday that the U.S. central bank won’t be raising interest rates until uncertainty over the economic outlook is resolved. http://cafe.naver.com/gjallarhorn/26