The EUR/USD can have a rebound on the level of price 1.000
In the last sessions the EUR recovered some value thanks to the bad economic data against the USD like the Non-Farm Employment Change and the increase in the Unemployment Rate in the US.
The general scenario in EUR/USD is still Bearish, I have added to the chart the 100 Moving average Daily timeframes to have a clear situation where the price is still, of course, the 200 SMA is more above this one. The price before going over our stop loss needs to go over the Resistance 1.000, the dynamic trendline, and also the 100 Moving average.
In the last sessions the EUR recovered some value thanks to the bad economic data against the USD like the Non-Farm Employment Change and the increase in the Unemployment Rate in the US.
The general scenario in EUR/USD is still Bearish, I have added to the chart the 100 Moving average Daily timeframes to have a clear situation where the price is still, of course, the 200 SMA is more above this one. The price before going over our stop loss needs to go over the Resistance 1.000, the dynamic trendline, and also the 100 Moving average.
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