EURUSD is currently resting upon an extremely strong, very long-term support/resistance level of 1.19000. The upcoming Non Farm Payroll report will decide whether the price will bounce off the line or break through it to sell to the subsequent levels.
Note
Weak EUR reports strengthen suspicions that the USD will go bullish. 60% chance for EURUSD to sell.Note
Everyone ready for another #NFPDAY? Update to the chart coming soon.
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Disclaimer
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.