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EUR/USD Signal- US Nonfarm Payrolls- 05 August 2022

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Signal Details
Entry Price: 
1.02320
Take Profit: 
1.00068
Stop Loss: 
1.03088
Direction: 
Sell
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EUR/USD is trading to the downside today prior to the US Nonfarm Payrolls. Price has presented a head and shoulder pattern on the hourly timeframe which technically may prompt price to continue going bearish for sometime. We anticipate a bearish move down to level 1.00068

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.