EURUSD is starting to stabilise after its sharp decline, with buyers defending the area above 1.1400. The selling pressure has eased compared to last week, opening the door for a technical recovery if support continues to hold.
This week could be decisive, with ECB speeches, German inflation data, and major US releases such as JOLTS, ADP, ISM Manufacturing PMI, and Non-Farm Payrolls all capable of driving volatility.
Trade Setup:
Buy Zone: 1.1385 – 1.1405
Stop Loss: 1.1350
Take Profit 1: 1.1465
Take Profit 2: 1.1500
This week could be decisive, with ECB speeches, German inflation data, and major US releases such as JOLTS, ADP, ISM Manufacturing PMI, and Non-Farm Payrolls all capable of driving volatility.
Trade Setup:
Buy Zone: 1.1385 – 1.1405
Stop Loss: 1.1350
Take Profit 1: 1.1465
Take Profit 2: 1.1500
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.