Strifor || EURUSD-⚡️Non-farm⚡️
Preferred direction: BUY
Comment: The long-awaited ⚡️NFP⚡️ is about to arrive, and in the meantime, our previous idea of going long on the EURUSD currency pair is still relevant. Before the release of data on the US labor market, the market is very calm, absolutely everyone is waiting for the American session.
Today we will consider two scenarios for the development of events. Both are aimed at strengthening the Euro, and all the main competitors of the US dollar. The main scenario assumes growth mainly from current prices at the current support of 1.07700. However, given the likely volatility, of course it is necessary to count on the backlash/distance for additional maneuvers for the price. Here scenario 2 will help us, which assumes a small false breakout of the current minimum and then growth. The best option would be to consider both scenarios at once with a common stop loss, do not forget about risk management.
As a target, we select the resistance area at the level of 1.09000, after which the instrument will most likely continue to grow to 1.10000.
Thank you for like and share your views!
Comment: The long-awaited ⚡️NFP⚡️ is about to arrive, and in the meantime, our previous idea of going long on the EURUSD currency pair is still relevant. Before the release of data on the US labor market, the market is very calm, absolutely everyone is waiting for the American session.
Today we will consider two scenarios for the development of events. Both are aimed at strengthening the Euro, and all the main competitors of the US dollar. The main scenario assumes growth mainly from current prices at the current support of 1.07700. However, given the likely volatility, of course it is necessary to count on the backlash/distance for additional maneuvers for the price. Here scenario 2 will help us, which assumes a small false breakout of the current minimum and then growth. The best option would be to consider both scenarios at once with a common stop loss, do not forget about risk management.
As a target, we select the resistance area at the level of 1.09000, after which the instrument will most likely continue to grow to 1.10000.
Thank you for like and share your views!
Trade active
Trade active:
Another update to current lows is expected following the release of the NFP.
The instrument retains its growth potential, but most likely only after another, small fall in the frameworks of updating current minimums.
The instrument retains its growth potential, but most likely only after another, small fall in the frameworks of updating current minimums.
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