Hi,
please find our EURUSD technical point of view below:
Friday's NFP as a good excuse for sharp profit taking / stop hunting.
Daily chart below suggest higher levels possible towards 1,1450. The Thursday ECB top / Friday Breakout around 1,1220/1,1190 as possible demand zone. Daily close below ECB/NFP lows before we hit 1,1450 will change the view.
EURUSD intraday: before we close last week, market cleared intraday supply level and today next has been hit ( see the chart below ). Would not be surprise to see MarketMakers looking for weak longs ( intraday stop hunting ) towards 1,1290/70. Then , if we close on a weak side today, another stop hunting towards 1,1230/15/00 and 1,1190/80.
please find our EURUSD technical point of view below:
Friday's NFP as a good excuse for sharp profit taking / stop hunting.
Daily chart below suggest higher levels possible towards 1,1450. The Thursday ECB top / Friday Breakout around 1,1220/1,1190 as possible demand zone. Daily close below ECB/NFP lows before we hit 1,1450 will change the view.
EURUSD intraday: before we close last week, market cleared intraday supply level and today next has been hit ( see the chart below ). Would not be surprise to see MarketMakers looking for weak longs ( intraday stop hunting ) towards 1,1290/70. Then , if we close on a weak side today, another stop hunting towards 1,1230/15/00 and 1,1190/80.
Please do not hesitate to contact us should you have additional questions.
Stay tuned.
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