Eurusd NFP analysis
1. Resistance to Support Distance:
Resistance: ~1.0855
Support: ~1.0700
Distance: 1.0855 - 1.0700 = 0.0155 (155 pips)
2. Potential Entry and Stop Loss:
A short (sell) trade from resistance could have a stop-loss slightly above 1.0865
The take-profit target could be near 1.0700, yielding a 155-pip profit target.
Conclusion:
If price respects resistance, a short (sell) trade could target 1.0700.
A break above resistance would invalidate the bearish setup.
Confirmation through candlestick patterns or fundamental data (e.g., NFP) would strengthen the trade idea.
Resistance: ~1.0855
Support: ~1.0700
Distance: 1.0855 - 1.0700 = 0.0155 (155 pips)
2. Potential Entry and Stop Loss:
A short (sell) trade from resistance could have a stop-loss slightly above 1.0865
The take-profit target could be near 1.0700, yielding a 155-pip profit target.
Conclusion:
If price respects resistance, a short (sell) trade could target 1.0700.
A break above resistance would invalidate the bearish setup.
Confirmation through candlestick patterns or fundamental data (e.g., NFP) would strengthen the trade idea.
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Trade XAU/USD with expert signals Join World Expert Trading for reliable, profitable Gold trading insights Start now [t.me/WorldExpertTrading1]
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.