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Tuesday, August 03, 2021

EURUSD LONG SETUP BEFORE NFP!

EURUSD LONG SETUP BEFORE NFP!

Euro/US Dollar SAXO:EURUSD

The EURUSD keeps hanging around 1.1900, in the experience, this happens when the market is preparing to move or extend to the upside.
However, the market is very anxious, fears of delta variant, inflation , and growth expectation, keeping the dollar stable for the time being.
After the FED meeting last week and what Mr. Powell said and tried to convince the market to calm down lead to expect a weaker dollar but clearly the market is not convinced.
Looking forward for potential buy setup between 1.1900-1.2100 area

This is a Non-Farm Payrolls week and it will determine a lot of things.

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