EURUSD is at a key moment. After the NFP news on Friday, first we had an upside move but then a quick drop. Now, we want to see a close outside of the 1,1864-1,1909 zone. Once we have a close below this zone followed by a retest, then we can enter a short position.
You can look for a close below the previous low as an extra confirmation. If we have a close above 1,1909 and then a retest, that means we could be looking at an upside continuation. We’re expecting a quiet day in the market today as it is a day off in USA. Watch out for our daily posts to find out what happens after the breakout.


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