Today at 15:30 investors and traders will anticipate the US Non Farm Payrolls data, as the forecast is for 180K and previous 235K.
The NFP data has big impact over the US rate course and during the release a increased volatility is expected.
EUR/USD next resistance levels are: 1.0660 1.0720 1.0750 1.0830
Next support levels are: 1.0630 1.0550 1.0500 1.0455
Short-term trend remains bearish and the improvement in the economic performance of the EU are not sufficient grounds for ECB to shift the direction of monetary policy.
In case of actual values:
between 169K and 179K we can expect the price to remain in range between 1.0630 and 1.0660
between 180K and 200K likely to break below 1.0630 and reach levels 1.0550
over 200K we can expect a breakout below two supports and target 1.0500
between 160K and 168K we can expect a breakout above 1.0660 with target 1.0720
below 160K highly negative - breakout above two resistance and reach 1.0775
Trader Nikolay Georgiev
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