Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaEUR/USD has approached the key level of 1.1.1950, which was acting as resistance in 2020 and as support in 2021. Thus, it’s likely to bounce off 1.1950 rather than break out. Support levels are at the 200-day moving average of 1.1815 and 1.1775.
GBP/USD has gotten closer to the resistance at the high of March 3 at 1.3950. If it manages to break it, the way up to the next round number of 1.4000 will be open. Support levels are at Monday’s low of 1.3800 and 1.3750.
Gold is climbing. If it manages to break through the high of March 2 at $1740, doors will be open to the 100-period moving average of $1750. Support levels are the intraday low of $1725 and the 50-period MA of $1715.
Follow ECB meeting at 14:45 MT time and ECB press conference at 15:30 MT time!
