The euro market creates the preconditions for the short-term trend’s reversal down. Today traders are trying to break out the Intermediary Zone 1.1088 – 1.1079. If successful, then open the euro sales with the target in the lower Target Zone 1.0992 – 1.0973. If, as a result of today’s trading, the price returns to level 1.1088, then, starting from Monday, look for new euro purchases with a target at March 31 high.
Keep in mind that today at 15:30 (GMT +3) updated data on the US nonfarm payrolls will be released. It is expected that the number of people employed in the US non-agricultural sector will be 490 thousand. The previous figure was 678 thousand. If the forecast comes true, expect the US dollar to strengthen.
EURUSD trading ideas for today:
Watch the market.