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3 536
SELL XAUUSD/GOLD @ 1733.50
SL: 1755.50
TP1: 1731.50
TP2: 1728.50
TP3: 1723.50
‼Use small lot size
3 536
GER30 SELL 15795
SL 15860
TP 15770
TP 15710
TP 15570
TP 15200
Use a normal lot size ‼️‼️
3 536
EUR/USD Forex Signal: Extremely Bearish Below 1.1750
The pair will likely maintain the bearish trend as investors target the key support at 1.1700.
Bearish View
Bullish View
The EUR/USD pair declined to an important support level as the US dollar bounced back following the strong non-farm payrolls numbers. The pair dropped to 1.1755, which was the lowest level since July 23rd.
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US NFP Data
The main catalyst for the latest EUR/USD price action was the strong US employment numbers published on Friday. The data revealed that the US labor market continued firing on all cylinders as companies struggled to find workers. In total, the private sector and the government added more than 940k jobs in July, the highest increase since August last year.
All other metrics were strong, with the unemployment rate falling to 5.3% and wages rising to 4.0%. Later this week, the US will publish the latest inflation numbers. The median estimate is that the headline CPI rose by 5.3%, which will be lower than the median estimate of 5.4%. Still, the biggest challenge for the economy is that the Delta variant is spreading, which could put brakes on the overall recovery.
