aderemit

aderemit

Why I Think This Trade Could Be Bearish Overall Downtrend: The descending trendline and consistent Lower Highs indicate sellers are still in control of the market. Supply Zone Rejection: The price is testing a known supply zone, which often leads to reversals to the downside. Fibonacci Resistance: Key retracement levels (0.382, 0.5, 0.618) are aligning with...

aderemit

Why the Setup Could Be Bullish: Technical Confluence: Multiple support levels, the golden ratio (0.618), and proximity to resistance levels set the stage for an upward move. Rejection of Lower Levels: Repeated failures to break below support suggest strong buying interest. Potential Trigger: A breakout above 87.994 could act as a trigger, with an initial target...

aderemit

Based on the consensus estimate of a lower NFP report, I think EUR/USD might experience a bullish movement tomorrow. Here's a possible scenario: Possible Scenario 1. NFP report beats consensus: If the actual NFP figure exceeds expectations, it could lead to a USD rally, causing EUR/USD to decline. 2. NFP report meets or misses consensus: If the actual NFP...