AnasRathore
Short

EURUSD: A Good SELLING Opportunity ahead of NFP

FX:EURUSD   Euro Fx/U.S. Dollar
104 0 8
As NFP is due on friday and markets expect the figures to increase by 180K. But more healthy figures are expected actually. I expect NFP report to print more than 200K which would increase the FED's December RATE HIKE probability and will push the USD up and EURUSD             down. ISM Manufacturing data is due today which can definitely add some fuel to USD and would take the EURUSD             pair down.
As for technical levels EURUSD             is in a downtrend since it has made the top near at 1.16 area in early May. Price is expected to move lower in the upcoming sessions. I think false upward breakout was expressed on Friday. All in all EURUSD             is in a downtrend and ANY RALLY WILL BE A CHANCE TO SELL.
Wish you Good Luck.
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