• After failing to hit the 0.9900 lower low, the EUR/USD spiked higher. It has encountered resistance after climbing as high as 1.0018.
• False breakouts through the downtrend line could bring new short opportunities. The immediate downside barrier is 0.9900. After the US data dump, EUR/USD may experience abrupt movements in either direction.
@ja4554412, it is important to keep in mind that the market's response to the NFP publication today can be unpredictable. if the Department of Labor report is unsatisfactory, the dollar will correct and some long positions on it will need to be closed at the end of the trading week. although the overall trend—that the dollar is rising—remains the same for the time being.