{"id":108642,"date":"2017-07-07T07:51:19","date_gmt":"2017-07-07T11:51:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=108642"},"modified":"2017-07-07T07:51:19","modified_gmt":"2017-07-07T11:51:19","slug":"pre-nfp-coverage-eurusd-two-possible-breakout-points","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/pre-nfp-coverage-eurusd-two-possible-breakout-points\/","title":{"rendered":"Pre NFP Coverage: EUR\/USD Two Possible Breakout Points"},"content":{"rendered":"
July 7, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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Worst than expected ADP numbers, might reflect on today’s NFP <\/a>data and push the pair even more to the upside. However, As the ADP NFP failed to meet expectations, any NFP figure over 175k might largely be positive for the USD. As Crude Oil continues to slip, it is putting some pressure on Equities too.<\/p>\n

\n\tThe pair has been bought exactly as I showed in the previous EUR\/USD coverage<\/a> and it went up as expected. At this point its trapped in a mini range (blue highlight) that reflects the similar range a week ago. It is totally normal as in Forex, price tends to repeat itself due to historical buyers\/sellers vs now moment buyers\/sellers alignment. 1.1445 is the first breakout zone and if the price breaks it targets should be 1.1470 and 1.1500. Below 1.1360 we might see 1.1330 and 1.1310.Have in mind that 2-way price movement is possible due to strong volatility that NFP, average hourly earnings and unemployment rate might impose on the market. That is why you might consider using the Volatility protection tool.\n<\/p>\n

\n\tFollow @TarantulaFX<\/a> on twitter for latest market updates\n<\/p>\n

\n\tConnect with Nenad Kerkez T<\/a> on Facebook for latest market updates.\n<\/p>\n

\n\tW L3 – Weekly Camarilla Pivot (Weekly Interim Support)\n<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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<\/div>\n

\n\tW H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)\n<\/p>\n

\n\tW H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)\n<\/p>\n

\n\tD H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)\n<\/p>\n

\n\tD L3 \u2013 Daily Camarilla Pivot (Daily Support)\n<\/p>\n

\n\tD L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)\n<\/p>\n

\n\tPOC – Point Of Confluence (The zone where we expect price to react aka entry zone)\n<\/p>\n

\n\"Download<\/a>\n<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: Pre NFP Coverage: EUR\/USD Two Possible Breakout Points<\/a><\/p>\n

<\/a><\/p>\n

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Worst than expected ADP numbers, might reflect on today’s NFP data and push the pair even more to the upside. However, As the ADP NFP failed to meet expectations, any NFP figure over 175k might largely be positive for the USD. As Crude Oil continues to slip, it is putting some pressure […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-108642","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=108642"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108642\/revisions"}],"predecessor-version":[{"id":108643,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108642\/revisions\/108643"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=108642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=108642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=108642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}