EURUSD > In-Depth Analysis Ahead of NFP Release. Analysis on | tradiingaxis

EURUSD > In-Depth Analysis Ahead of NFP Release.

Analysis on #EURUSD

The ECB inching closer and closer to its first rate hike and it's giving the EURUSD a huge boost, currently, the EURUSD is at strong daily resistance where that market fell 355 pips before.

Today we have NFP new and the prediction is very wide, some have a positive number and some with a very big negative number, so keep in mind things might change very rapidly.

>> I am not considering a sell in the face of this massive upside momentum I will like to wait for a retracement toward 1.13600 previous resistance now turned to possible support.

>> if the market breaks and closes above the 1.1480 daily resistance then I will look for a buy as the market will bigger chance of going to 1.1600

Do not forget to turn the notification on so you never miss any idea
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational
https://www.tradingview.com/i/UfdiTiTw/