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The5ers - Funding Forex Traders & Growth Program
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[QUOTE="The5ers, post: 189650, member: 70285"] [HEADING=1]Weekly trade idea on EUR/USD. NFP[/HEADING] [HEADING=2][B]Week: 4-8.01.2020[/B][/HEADING] [HEADING=1][B]Key event: USD. Non-Farm Payroll[/B][/HEADING] [B]The number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to their high relation with economic policy decisions made by the Central Bank. We expect a lower reading than the previous month.[/B] [HEADING=1][B][URL='https://lh5.googleusercontent.com/rCIMxhB-yd2zi40e3Jbb7PaN5iWi1uTgpZPi9z3mwBi1kcOFxjpEkhYD8FK12ex_DxHejRaGmRASRW7zaT1scxEE11VKv4K3cQEAnABvSF_TN2YlJZ4kFUicZDMLAFnfaMGqJS2T'][IMG]https://lh5.googleusercontent.com/rCIMxhB-yd2zi40e3Jbb7PaN5iWi1uTgpZPi9z3mwBi1kcOFxjpEkhYD8FK12ex_DxHejRaGmRASRW7zaT1scxEE11VKv4K3cQEAnABvSF_TN2YlJZ4kFUicZDMLAFnfaMGqJS2T[/IMG] 840×29[/URL][/B][/HEADING] [B]Until Friday, we can expect a weakening of the USD against other currencies. It would require a positive surprising release for the USD to strengthen against other currencies. Key Levels:[/B] [LIST] [*][B]Resistance 1.2300, 1.2400[/B] [*][B]Support 1.2150, 1.2070, 1.2000[/B] [/LIST] [HEADING=1][B]Trend EUR/USD:[/B][/HEADING] [B]Bullish Price is testing 1.2300 resistance. Last week, the price closed with a bearish engulfing candlestick and MACD divergence.[/B] [HEADING=1][B]Call to Action/Trade Idea[/B][/HEADING] [B]We will look for any opportunity to join the bullish trend. Given the divergence, we might see a retracement to support levels. From there we will look for buying opportunities.[/B] [URL='https://f.bpcdn.co/original/4X/7/5/9/759a912e27491825562551a2ea3b551c388e1c07.png'][IMG alt="EUR_USD (6)"]https://f.bpcdn.co/optimized/4X/7/5/9/759a912e27491825562551a2ea3b551c388e1c07_2_690x307.png[/IMG] EUR_USD (6)1707×760 64 KB[/URL] [/QUOTE]
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