Moments away from NFP. Economists expect the data to show that the economy added more than 575,000 jobs in March as the country continued to open. This will be a better figure than the 465,000 jobs that were created in February
On the technical side of things, we can see that price is approaching a key resistance near 1790$ and is looking to be losing its bull momentum.
We may see a strong wick towards the resistance and psychological level at 1800$ and then a slide towards next major support at 1730$
Should price form a break above 1800, then the selling setup is no longer valid
On the technical side of things, we can see that price is approaching a key resistance near 1790$ and is looking to be losing its bull momentum.
We may see a strong wick towards the resistance and psychological level at 1800$ and then a slide towards next major support at 1730$
Should price form a break above 1800, then the selling setup is no longer valid