Eurusd NFP analysis
1. Resistance to Support Distance:
Resistance: ~1.0855
Support: ~1.0700
Distance: 1.0855 - 1.0700 = 0.0155 (155 pips)
2. Potential Entry and Stop Loss:
A short (sell) trade from resistance could have a stop-loss slightly above 1.0865
The take-profit target could be near 1.0700, yielding a 155-pip profit target.
Conclusion:
If price respects resistance, a short (sell) trade could target 1.0700.
A break above resistance would invalidate the bearish setup.
Confirmation through candlestick patterns or fundamental data (e.g., NFP) would strengthen the trade idea.
Resistance: ~1.0855
Support: ~1.0700
Distance: 1.0855 - 1.0700 = 0.0155 (155 pips)
2. Potential Entry and Stop Loss:
A short (sell) trade from resistance could have a stop-loss slightly above 1.0865
The take-profit target could be near 1.0700, yielding a 155-pip profit target.
Conclusion:
If price respects resistance, a short (sell) trade could target 1.0700.
A break above resistance would invalidate the bearish setup.
Confirmation through candlestick patterns or fundamental data (e.g., NFP) would strengthen the trade idea.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade XAU/USD with expert signals Join World Expert Trading for reliable, profitable Gold trading insights Start now [t.me/WorldExpertTrading1]
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.