EURUSD ahead of NFP

FX_IDC:EURUSD   Euro / U.S. Dollar
EURUSD ahead of NFP has declined to 23.6% Fibo correction level to previous bullsih wave 1.0520-1.0980 at 1.0872. In case of impulse move as we've seen yesterday exactly 23.6% Fibo level works as potential reversal point. By now EURUSD showed just two fake breakouts below Fibo support which suggests opportunity of futher growth from the level.

Above 1.0872 with NFP data below expectations I trade long EURUSD targeting 1.1010, 1.1080 and 1.1140.

In case of strengthening USD following support level is located in the 1.0825/10 zone.


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