EURUSD: Reaction Post-NFP Data Release
EURUSD Reaction Post-NFP Data Release
On Friday, the United States reported its Non-Farm Payroll (NFP) data. The figures were slightly lower than expectations, coming in at 151K compared to the forecast of 160K. However, they were significantly higher than the previous month's figure of 125K. Additionally, the unemployment rate increased to 4.1% from 4.0%, which hindered the USD's strength. Nevertheless, the overall performance of the U.S. data was not unfavorable.
Given that EUR/USD had already paused in our potential reversal zone, the likelihood is that it has reached its peak at 1.0890. The next anticipated movement should be a bearish correction, with targets at 1.0765, 1.0685, and possibly further down to 1.0630.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
On Friday, the United States reported its Non-Farm Payroll (NFP) data. The figures were slightly lower than expectations, coming in at 151K compared to the forecast of 160K. However, they were significantly higher than the previous month's figure of 125K. Additionally, the unemployment rate increased to 4.1% from 4.0%, which hindered the USD's strength. Nevertheless, the overall performance of the U.S. data was not unfavorable.
Given that EUR/USD had already paused in our potential reversal zone, the likelihood is that it has reached its peak at 1.0890. The next anticipated movement should be a bearish correction, with targets at 1.0765, 1.0685, and possibly further down to 1.0630.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Related publications
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.