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Euro / U.S. Dollar
May 5, 2023
EURUSD before NFP
5
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Yesterday, the ECB expectedly raised interest rates by 0,25% and caused volatility in EURUSD.
Today is third day with important news.
With this news we expect the direction to be confirmed and to see more clear entry grounds.
The more likely direction for now, remains 1,1090 and upon a breakout to confirm the uptrend.
Drop below 1,0985 will mean that there is no strength for the upward movement to continue and we will look for lower values.
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Also on:
breakout
correction
ecb
EUR
fed
interestrates
nfp
priceaction
Supply and Demand
Support and Resistance
Trend Analysis
USD
ForexTrendline
Follow
✅ JOIN FREE TELEGRAM:
t.me/trendlinefreetrade
❓ If you got questions:
t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here:
t.me/trendlinefreetrade
Also on:
Related publications
EURUSD before ECB
by ForexTrendline
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