EUR/USD: Post-NFP Volatility – Long Setup After Weak Employment
Following the release of key U.S. economic data, including the Non-Farm Payroll (NFP) and Unemployment Rate, we see a significant spike in volatility for EUR/USD. The NFP came in lower than expected at 142K vs. 164K forecasted, which typically weakens the USD. However, the market’s initial reaction suggests a potential retracement or continuation of the bearish move, providing a possible long opportunity on the 15-minute chart.
• Non-Farm Payrolls (NFP): The U.S. economy added 142K jobs in the latest report, missing the expected 164K. This is a bearish signal for the USD, as it suggests slower economic growth.
• Unemployment Rate: The unemployment rate rose slightly to 4.2% from the previous 4.3%. This marginal improvement adds mixed signals to the market.
• Average Hourly Earnings: A positive note comes from the average hourly earnings, which increased by 0.4%, suggesting some wage inflation.
Despite the weaker NFP, the initial reaction in EUR/USD indicates a potential continuation of the downward momentum as traders might be focusing on other factors like broader market sentiment or upcoming FOMC speeches.
Trade Setup:
• Entry: Enter a long position at the current market price near the 1.1083 level.
• Stop-Loss: Place the stop-loss slightly above the recent high around 1.1062 to account for any possible retracement.
• Take-Profit: Target the next support level near 1.1140, where price action has previously found selers.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
• Non-Farm Payrolls (NFP): The U.S. economy added 142K jobs in the latest report, missing the expected 164K. This is a bearish signal for the USD, as it suggests slower economic growth.
• Unemployment Rate: The unemployment rate rose slightly to 4.2% from the previous 4.3%. This marginal improvement adds mixed signals to the market.
• Average Hourly Earnings: A positive note comes from the average hourly earnings, which increased by 0.4%, suggesting some wage inflation.
Despite the weaker NFP, the initial reaction in EUR/USD indicates a potential continuation of the downward momentum as traders might be focusing on other factors like broader market sentiment or upcoming FOMC speeches.
Trade Setup:
• Entry: Enter a long position at the current market price near the 1.1083 level.
• Stop-Loss: Place the stop-loss slightly above the recent high around 1.1062 to account for any possible retracement.
• Take-Profit: Target the next support level near 1.1140, where price action has previously found selers.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
交易進行
EUR/USD is showing strong bullish momentum after the initial entry. Consider moving your stop-loss to breakeven to protect your position. Stay cautious as upcoming FOMC speeches could add volatility.交易結束：目標達成
The EUR/USD long position has hit the target and has been closed in full. Congratulations to everyone who took the trade! Enjoy the profits and have a great weekend!
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