Condiciones de negociación
Products
Herramientas
Today, the US Nonfarm Payrolls report is on tap. Unemployment is expected to decline to 3.5% from 3.6%. Apart from that, the economy is likely to add 385,000 new jobs.
The EUR/USD pair rebounded from the level of 1.0636, which had previously been a swing low logged in spring 2020. Now, it is acting as a resistance level which positively impacted the volume of short positions. After the rebound, the pair returned to the support level of 1.0500.
The RSI indicator is located below 30/50 moving averages on the H4 and D1 charts. It means that traders are actively opening short positions.
The Alligator indicator shows that the moving averages have completed the intersection with a downward movement on the 4H chart. It gives a sell signal.
Outlook
The bearish trend persists. If the price fixes below 1.0500 on the 4H chart, there could be a sharp increase in the volume of short positions. In this case, the downtrend is likely to be extended to a swing low of 2016.
Otherwise, the pair may be stuck in the 1.0500/1.0600 range, delaying the start of the downtrend.
The complex indicator analysis generates a sell signal on the short, intraday, and medium-term charts.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.