The Nonfarm Payrolls result has been unforgiving for EURUSD as the price collapsed and is today near the 1.17050 Support, which is the first hold level before the 1.1600 Support which was made of the September-November 2020 lows.
The U.S. CPI report is the catalyst of the week from a fundamentals standpoint but if the Support levels hold, the 1D RSI is forming a Triple Bottom similar to that of Feb-March. This caused a strong rally on Support one and if the pattern is repeated target initially 1.19500 which is right below the Pivot Zone. An extension can reach as high as the Lower Highs trend-line and the 0.2 Fibonacci retracement level (1.21750).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999
--------------------------------------------------------------------------------------------------------
The U.S. CPI report is the catalyst of the week from a fundamentals standpoint but if the Support levels hold, the 1D RSI is forming a Triple Bottom similar to that of Feb-March. This caused a strong rally on Support one and if the pattern is repeated target initially 1.19500 which is right below the Pivot Zone. An extension can reach as high as the Lower Highs trend-line and the 0.2 Fibonacci retracement level (1.21750).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999
--------------------------------------------------------------------------------------------------------
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.