EUR/USD 1.0590 target in a 61.8% Fibonacci retracement for the day ahead. On the other hand, a continuation towards 1.0770s could just as easily play out.
EUR/USD has opened with a large gap in the open and is trading around 1.0680 after closing on Friday at 1.0639 after a mixed Nonfarm Payrolls report triggered a sell-off in the US Dollar.
However, as analysts at ANZ Bank said in a note before the open, ´´after so much anticipation it was ironic that it got lost in the noise, but non-farm payrolls rose 311k in February, indicating very strong momentum in jobs growth continues.
EURUSD price is at the key resistance area of 1.0690. In the short term, it is possible that the pair will accumulate sideways in the 1.0650-1.0690 zone before having the next direction. Recommended short sell at current price 1.0690, SL: 1.0720, TP: 1.0660
EUR/USD has opened with a large gap in the open and is trading around 1.0680 after closing on Friday at 1.0639 after a mixed Nonfarm Payrolls report triggered a sell-off in the US Dollar.
However, as analysts at ANZ Bank said in a note before the open, ´´after so much anticipation it was ironic that it got lost in the noise, but non-farm payrolls rose 311k in February, indicating very strong momentum in jobs growth continues.
EURUSD price is at the key resistance area of 1.0690. In the short term, it is possible that the pair will accumulate sideways in the 1.0650-1.0690 zone before having the next direction. Recommended short sell at current price 1.0690, SL: 1.0720, TP: 1.0660
