EURUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): DOWN
Market Background (mid-term): WEAK
Supply/Demand: N/A
Support (nearest): 1.13357
Resistance (nearest): 1.14211
Next Event: ADP Non-Farm Employment Change (1h 14m)
Next High Impact Event: ISM Manufacturing PMI (1d 2h 59m)
Volatility: LOW (-16% avg.)
Daily Range (Expected): 1.1312 – 1.1379 / 44% of avg. daily range Completed

EURUSD

On this one, we are expecting a support breakout with high volume. The background is weak, the trend is pointing down despite of this recent ranging. The only thing we need to be careful with is high impact news (Non-farm is close) and the nearest support 1.1335 as the price may always reverse. (this ranging may be an accumulation that can go up with non-farms)

 

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