EURUSD seems to still be extending its increase. It has tried to cross the 50 MA from the downside on the daily timeframe.
I trade at FXOpen
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Disliked{quote} A little poke poke there 0345 or sub level 0311 anticipated. I wait the close and Asia for that to manifest. Meanwhile getting past 0383 will be tough. The day close is crucial atm. Trade wellIgnored
Happy trading day to all
DislikedBased on D1, I am roughly eyeballing 1.0320 area to look for serious support.. Until then--> corrective bearish!Ignored
Disliked{quote} Breakout occurred earlier then predicted. Current area 1.043 is critical if will break 1.048 is in sight. If will get rejected price will go down to 1.036 area. {image}Ignored
Dislikedlooking at one last big move down before the eventual massive rally. Trump can always change that.Ignored
Caution Ahead of NFP: Expect increased volatility and volume, so proper position sizing and risk management are crucial.
Conclusion
EUR/USD is currently at decisive levels, where NFP data and technical breakouts/breakdowns will determine the direction. Technical indicators suggest a bullish possibility, but the impact of NFP cannot be ignored. Traders should keep an eye on key levels and news events.
DislikedGood afternoon! Technical Levels and Price Action: Key Levels: Resistance: 1.0424 (MACD line), 1.0458 (immediate target), and 1.0534-1.0575 (medium-term target). Support Levels: Immediate support lies at 1.0365–1.0350, a critical zone tied to recent corrections and bearish reversals. A breakdown below this could target 1.0304–1.0290 (long-term trend boundary). Fundamental Analysis and NFP Impact: Importance of NFP (Non-Farm Payrolls): Key Date: February 7, 2025 (tomorrow). Expectation: 154,000 new jobs, but recent jobless claims suggest the data...Ignored