EURUSD before NFP! What to expect?
Today we are waiting for one of the most important economic news to come out.
This is NFP for July. It is published together with other employment news and it has a big effect on the market.
That's why we expect more volatility in the moment of publishing.
Technically we're looking at possible rise in price during the news.
That doesn't mean you should be buying now.
Before and during the news we could actually see a drop in price.
However if there is a reversal after the news, then we will be looking for entry.
Another confirmation for an upside move will be market breaking above 1,1860.
The final target is 1,1940.
Do not buy before there is a reversal signal!
On a downside impulse and price going below 1,1770 the buying opportunity isn't valid anymore!
Follow how this setup will develop in our daily analysis here!
Support us by follow, like and leave a comment down below!
This is NFP for July. It is published together with other employment news and it has a big effect on the market.
That's why we expect more volatility in the moment of publishing.
Technically we're looking at possible rise in price during the news.
That doesn't mean you should be buying now.
Before and during the news we could actually see a drop in price.
However if there is a reversal after the news, then we will be looking for entry.
Another confirmation for an upside move will be market breaking above 1,1860.
The final target is 1,1940.
Do not buy before there is a reversal signal!
On a downside impulse and price going below 1,1770 the buying opportunity isn't valid anymore!
Follow how this setup will develop in our daily analysis here!
Support us by follow, like and leave a comment down below!
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