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Weekly Idea For EUR/USD

by Saul L, January 31, 2021

EUR/USD D1 Fundamental

by Saul Lokier January 31, 2021

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EUR/USD

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Any

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D1

Timeframe:

D1

Analysis Method:

Fundamental

Analysis:

Non-Farm Payroll
We expect a higher reading than the previous month.
Until Friday, we can expect a light strengthening of the USD against other currencies. It would require a very positive surprising release for the USD to really strengthen against other currencies.

Trade Plan:

We will look for any opportunity to join the bullish trend. We might see a retracement to 1.2000 support levels. From there we will look for buying opportunities.

Things To Watch For:

Price is ranging between 1.2300 and 1.2070. Last week, the price closed near support with a rejection of them. Key Levels: Resistance 1.2300, 1.2400 Support 1.2070, 1.2000

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