Trading signals

EUR/USD

EURUSD

The US Non-Farm Payrolls disappointed markets on Friday. As a result, the EUR got a chance to reverse some losses. The Middle East tensions eased and the risky assets may become more popular this week.

 

The main scenario is a further growth towards 1.1150.

An alternative scenario assumes a decline to 1.1100. 

 

Trading recommendations

 

We await a break above 1.1120 to trigger another leg higher towards 1.1150.

If the price succeeds and fixes below 1.1120, the market may start a new descending correction to 1.1100.

 

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