Hello Traders, It's that time of the month! :D Not what you are thinking.. But It's NFP Week! What an eventful week it's been already for the Euro. 450 Pips and we still have 3 more trading sessions to complete. I looked back two years and still did not find a week of matched volatility. A Major upside push has seen EurUsd tear it's way back from the depths of near Par (1.04) to well back inside the Monthly range between 1.104 and 1.056.
Trump Tarriff speeches, and fueled further by weak U.S. ADP data on Wednesday has given the Euro a monstrous exscuse to gain more value than it's seen in Years aginagst the dollar. Prepare for a wild end of the week with Jobs data forecasted to improve slighlty across the past data point.
What prices do we like moving into NFP day?
-Bullish targets are a tap into 1.08740, Weekly Resistaance Level
-Bearish targets could be 1.074
Otherwise we have some 1hr and 4hr Zones in the middle which could provide good risk/reward trade ideas.
Please leave a Rocket if you enjoyed and Follow for more Analysis.
Trump Tarriff speeches, and fueled further by weak U.S. ADP data on Wednesday has given the Euro a monstrous exscuse to gain more value than it's seen in Years aginagst the dollar. Prepare for a wild end of the week with Jobs data forecasted to improve slighlty across the past data point.
What prices do we like moving into NFP day?
-Bullish targets are a tap into 1.08740, Weekly Resistaance Level
-Bearish targets could be 1.074
Otherwise we have some 1hr and 4hr Zones in the middle which could provide good risk/reward trade ideas.
Please leave a Rocket if you enjoyed and Follow for more Analysis.
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Related publications
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.