Intraday target: 6378
Yesterday price fall to our support area at 1.1433. Let's check fundamental view of USD. The official level of unemployment for September in the USA has fallen to 3.7%, a level not seen for 49 years, since the time of the Hippies in 1969. The official unemployed figure, it must be recalled, relates to the number of people registered as unemployed and actively...
The price has continued to look bearish since then, being held down by another bearish trend line shown in the price chart below which has had three touches. There are many resistance levels piling down on top of the price, and the short-term price action also looks bearish, in line with the long-term trend. For all these reasons, I have a bearish bias today, but...
Intraday target: 6378
EUR/USD: Daily perspective: The support area at 1.1479-1.1583 is still in play. Thursday’s movement chalked up a reasonably strong bullish rotation candle, though Friday’s action formed a concerning indecision formation off local resistance circling the 1.1530 area. H4 perspective: Friday’s non-farm payrolls rose 134k in September, below the expected 185k....
Intraday target: 6378
EUR/USD: Yesterday EUR/USD tested H4 resistance at 1.1540 with a spike so at the end of H4 we get a bearish pinbar trade, this mean that we have still a lot of sellers here. We are looking for potential short opportunity from 1.1515 with a potential target at 1.1432 with stop loss around 1.1600. Today are very important news on the board so trade careful and don't...