Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
Key levels for EUR/USD ahead of NFP
Information is not investment advice
EUR/USD has reached December high at 1.1240 and is actively testing levels above it. The picture at the chart changes very fast. Traders don’t really like the USD at the moment, so the pair will easily get to 1.1295 (the line connecting October and December highs). There it will likely meet some resistance ahead of the release of the Nonfarm Payrolls (NFP) in the United States.
If the US publishes weaker data, the advance above 1.1295 will bring the pair to 1.1340. The next resistance will be at 1.1400. Given the bearish divergence on the H4, you may look for reversal patterns around 1.1290 targeting a return down to 1.1240 and 1.1200 – this will be an option if NFP exceeds expectations. Selling the euro will also be an idea if EUR/USD slides below 1.1175. The target in this case will be at 1.1100.
Trade ideas for EUR/USD
BUY 1.1305; TP 1.1340; SL 1.1290
SELL 1.1170; TP 1.1100; SL 1.1190
Similar
Another EUR/USD Trade!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
New EUR/USD Trade
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Popular
British pound breakout soon?
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
Indices and Stocks in the Red
The stock market has reversed, and now it’s going lower and lower…
Walmart earnings outlook
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Choose your payment system
