EUR/USD Faces Reversal After NFP: A Sell-on-Rallies Strategy

9 de set.

After dropping near the 1.1 support level, EUR/USD began recovering its losses and successfully reclaimed the 1.11 resistance level. However, after testing the 1.1150 resistance (which previously acted as support during the top formation), the release of the Non-Farm Payrolls (NFP) data triggered a strong reversal, pushing the pair back below the 1.11 support level.

As of now, the price stands at 1.1080, and there is a high likelihood of further downside movement. In my view, selling on rallies presents the best strategy for this pair.

The first target is the support at 1.1, but as said, the pair could even drop to 1.0920 zone

12 de set.

Trade fechado: objetivo atingido

1.1 target hit