EURUSD next possible move

Nov 27

EURUSD
Title
"EUR/USD Intraday Analysis: Buy Entry | Pre-NFP Positioning"

Market Context
"EUR/USD gained some upward momentum today, with the pair bouncing off the 1.0500 support zone. Buyers are positioning ahead of tomorrow’s NFP data, anticipating potential dollar weakness if the numbers disappoint."

Technical Analysis
*"Today's buy entry was based on a favorable technical setup:

Price Action: After forming a higher low near 1.0505, the pair showed strong bullish candles, indicating buyer interest.
EMA Breakout: The price crossed above the 20 EMA on the H1 chart, confirming a short-term trend reversal.
RSI: Rising from 48 to 55, signaling bullish momentum.
MACD: Positive crossover on the H1 timeframe, supporting the buy decision.
Key levels:

Resistance: 1.0550 and 1.0580. A break above these levels could lead to further gains.
Support: 1.0510. Below this, the bullish structure might weaken."*
News Context
"Upcoming: The U.S. NFP release tomorrow remains the key driver for potential volatility.
Previous: Strong U.S. GDP data earlier this week supported the dollar, but profit-taking appears to give EUR some relief."

Call to Action
"Do you think this buy entry will hold up ahead of NFP, or is EUR/USD in for more downside? Comment your thoughts!"

Nov 27

Note

Good move

Nov 27

Trade active

Positive crossover on the H1 timeframe, supporting the buy decision.

Nov 27

Trade closed: target reached

t.me/rbstrader_in