EURUSD Ahead of the News
Yesterday, EURUSD touched the support level at 1,1005, holding just above it.
Today, we're anticipating the release of the NFP data, which will occur at the opening of the US market and is expected to impact price movements.
The market's response will guide the next direction.
If the support level holds and there's a rejection, look for potential buying opportunities and a retest of 1,1200.
However, if the support breaks, it could signal a continuation of the retracement, with the price likely heading toward 1,0875.
Today, we're anticipating the release of the NFP data, which will occur at the opening of the US market and is expected to impact price movements.
The market's response will guide the next direction.
If the support level holds and there's a rejection, look for potential buying opportunities and a retest of 1,1200.
However, if the support breaks, it could signal a continuation of the retracement, with the price likely heading toward 1,0875.
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