Preferred direction: BUY Comment: Before the NFP, we adhere to the buy priority and scenarios that we've outlined at the beginning of the week. The likelihood of the US dollar's main competitors strengthening is high. However, we are talking more about short-term strengthening today. Over the longer term, the US dollar is likely to resume its global growth.
For the euro, both scenarios have been activated, and today we do not consider growth above 1.08000. Those who are not yet in the trade can consider entering through pending orders before the publication of labor market data.
Additional comments on this trade will be provided as situation changes. Follow us!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.