EURUSD: A Good SELLING Opportunity ahead of NFP

2016년 10월 3일

As NFP is due on friday and markets expect the figures to increase by 180K. But more healthy figures are expected actually. I expect NFP report to print more than 200K which would increase the FED's December RATE HIKE probability and will push the USD up and EURUSD down. ISM Manufacturing data is due today which can definitely add some fuel to USD and would take the EURUSD pair down.
As for technical levels EURUSD is in a downtrend since it has made the top near at 1.16 area in early May. Price is expected to move lower in the upcoming sessions. I think false upward breakout was expressed on Friday. All in all EURUSD is in a downtrend and ANY RALLY WILL BE A CHANCE TO SELL.
Wish you Good Luck.