Hi, everyone, glad to have a chance to share my ideas with you guys here. There was a big movement last week. I hope you guys had great trading from that. Let's check the EUR/USD chart quick.
We can see 1. had support on 0.99200 2. overlapped resistance near 1.01000 3. bottom line of descending channel near 0.97500
We should check 1. Euro zone CPI today 2. Nonfarm Payrolls on friday
We can expect 1. the price will face the resistance on 1.01000, this will be chance to sell. 2. support on 0.97500 can be game-changer, so this will be chance to buy.
Last time, we could make good trading from the resistance near 1.01000. Let's see if we can make another chance. Thanks for reading, and hope this insight is helpful. Let's see how it works.