Market Sensitivity Ahead: Key Levels to Watch Amid NFP Release
Updated
Technical Analysis
The price has declined and stabilized within a bearish zone after breaking a strong support level at 2,758.
Today’s session is expected to be sensitive due to the release of the NFP and Unemployment Rate data.
Bearish Scenario: The price appears set to retest 2,758 before resuming a bearish trend toward 2,738 and 2,712.
Bullish Scenario: Alternatively, a 4-hour candle close above 2,758 would signal a potential bullish move, with targets at 2,775 and 2,788.
Key Levels:
Pivot Point: 2758
Resistance Levels: 2764, 2775, 2790
Support Levels: 2738, 2712, 2695
Trend Outlook:
Above 2758: Uptrend
Under 2758: Downtrend
The price has declined and stabilized within a bearish zone after breaking a strong support level at 2,758.
Today’s session is expected to be sensitive due to the release of the NFP and Unemployment Rate data.
Bearish Scenario: The price appears set to retest 2,758 before resuming a bearish trend toward 2,738 and 2,712.
Bullish Scenario: Alternatively, a 4-hour candle close above 2,758 would signal a potential bullish move, with targets at 2,775 and 2,788.
Key Levels:
Pivot Point: 2758
Resistance Levels: 2764, 2775, 2790
Support Levels: 2738, 2712, 2695
Trend Outlook:
Above 2758: Uptrend
Under 2758: Downtrend
Trade closed: target reached
Update
New Update
The price dropped about 25$ and...
It is still bearish because it already stabilized at the bearish zone by closing the candle under 2738 The next bearish target will be 2712 and 2700
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