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EURUSD Waiting for NFP

Long
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
Forex48_TradingAcademy  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Fundamental Analysis euro dollar financial service forexsignals LONG setup
3
0
trendanalysis indicator fundamental euro dollar financial service forexsignals long setup
In the EUR/USD exchange rate, we are seeing a very weak euro following the ECB's interest rate hike. My scenario is to wait for the dollar to push the exchange rate up to the 1.0950 zone, which could happen tomorrow when the NFP data is released. In that area, I have identified a really interesting entry point to restart the long euro position. Let's not forget that the American system could default between June and July due to the debt ceiling if it is not increased.

Let me know your thoughts.

Good trading to everyone.

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