EUR/USD prospects pending NFP
The resistance at 1.124 is the point at which the euro-dollar stopped and, in the hopes of an upward breakout, the target is the same.
The zone between 1.124 and 1.128 gathered the maximums of many daily candles, but for more than a month it has not been able to stably exceed these points. Therefore, this is the first true signal of a possible upward trend
An update on the ISM Non-Manufacturing Index in the US Today represents the only moment of attention in a week that will turn its gaze on the preliminary data and the final data relating to the NFP
A result that moves away from analysts’ forecasts, with a slight increase, could really provide the basis for an end of week breakout. The alternative is the continuation of the stalemate between 1.11 and 1.12, while waiting for the electoral climate in the United States to start unleashing its effects.
The zone between 1.124 and 1.128 gathered the maximums of many daily candles, but for more than a month it has not been able to stably exceed these points. Therefore, this is the first true signal of a possible upward trend
An update on the ISM Non-Manufacturing Index in the US Today represents the only moment of attention in a week that will turn its gaze on the preliminary data and the final data relating to the NFP
A result that moves away from analysts’ forecasts, with a slight increase, could really provide the basis for an end of week breakout. The alternative is the continuation of the stalemate between 1.11 and 1.12, while waiting for the electoral climate in the United States to start unleashing its effects.
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