Performance for the Day
The Non-Farm Payroll jump by EURUSD pair price was halted at the 1.1610 area as NFP job numbers came at 157,000 below expectation. As trade tensions between U.S and China escalate, the pair may break the 1.1545 support very soon.
The 4hr 200 moving average area is currently at the 1.1661 area as price dropped for more than 60 pips from around that level today. Technically, a close around the opening price at 1.1582 will indicate that a doji candle is formed and price may retrace back up above the 1.1610 area.
However, if trade tensions between U.S and China escalates further, the Bears may send the price down to the 1.1515 area. As at the time of writing this post, price is at the 1.1577 area.
The main focus next week on the economic calendar is U.S Consumer Price Index data.
Trade Levels to Watch
A strong break above the 1.1620 level will signal more bullish correction of the pair to the 1.1661 area. A break below the 1.1545 area will signal a bearish move of the pair to the 1.1515 area.
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