VTmarkets

EURUSD Sell

Short
FX:EURUSD   Euro / US-Dollar
EUR/USD 1.0590 target in a 61.8% Fibonacci retracement for the day ahead. On the other hand, a continuation towards 1.0770s could just as easily play out.

EUR/USD has opened with a large gap in the open and is trading around 1.0680 after closing on Friday at 1.0639 after a mixed Nonfarm Payrolls report triggered a sell-off in the US Dollar.

However, as analysts at ANZ Bank said in a note before the open, ´´after so much anticipation it was ironic that it got lost in the noise, but non-farm payrolls rose 311k in February, indicating very strong momentum in jobs growth continues.

EURUSD price is at the key resistance area of ​​1.0690. In the short term, it is possible that the pair will accumulate sideways in the 1.0650-1.0690 zone before having the next direction. Recommended short sell at current price 1.0690, SL: 1.0720, TP: 1.0660

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