The major block to compassion is the judgment in our minds. Judgment is the mind’s primary tool of separation. ~ Diane Berke
Good morning. Dollar holds onto gains as the euro is under pressure, declining towards $1.300 support. Not much is expected to happen until later today when the NFP data will be released.
A potential EURUSD breakdown below 1.300 should push the dollar index to 80.50 and maybe 81, where the next resistance zone is formed.
Correction continues but support formed by the bottom around 1390 still holds. I remain bullish, waiting for today’s market reaction to jobs report
1.300 is in focus and the question is whether it a bounce is likely. I, for one, don’t want to be on buyers’ side without seeing a reversal candle first, such as the one formed on February 16.
Yesterday’s candle suggests that a recovery is due, so it seems a good idea to look for buying opportunities on strength above 85 (former support zone)
82 is intact after several tests, but bounces are weak; it’s probably best to wait for it to exit the range
I was expecting the recovery to continue towards 1.3000 but the sell-off is too strong these days. After yesterday’s drop, it’s probably best to look for more selling opportunities
Have a great day!