After Non-farm Payroll statistics, EURUSD bearish movement

After Non-farm Payroll statistics, EURUSD bearish movement?

Queenie Wu                                                                                           2 July 2020 (22:00 HK)

EURUSD交易區：考慮支持和阻力：1.13345 – 1.11759  看跌走勢再次出現.

策略：在關鍵支持和阻力之間波段交易。在較高的timeframe（D1）中看趨勢方向，並使用較低的timeframe（H4）入市。

2 / 7 / 2020 (Thur) “Based on the latest Non-farm Payroll (NFP) Statistics, approximately 4.8 million Americans returned to work in the month of June.  The unemployment rate dropped to 11.1% from 13.3% and these improvements drove the U.S. dollar and stocks market higher.  Unfortunately, the greenback was unable to sustain its gains and pulled back to the pre-NFP levels.”

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H4圖表：

TMA通道的頂部回落 (1.13042)，強阻力位。

Supply zone在圖表中以紅色顯示。

第2枝4H圖陰燭形成。

穿過通道頂再次進入TMA 及ENV通道!

隨機震盪指標Stochastic Oscillator達80以上。

Schaff Indicator已經觸及最高水平並向下。Bearish reversal很可能發生。

(Technical indicators turned bearish.)

(The next support on the downside is 1.12249. If this level breaks, a further correction will be on the road.)

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預期方向：DOWN

入市點：賣出1.12948；

TP1: 1.12249  TP2: 1.12062 

SL: 1.13345

Be careful: Notice there may be a change in direction from Asian to London to US session.  If this happens, we have to TP immediately.  Another issue to notice, the movement of EURUSD is correlated to the movement of US stock market.  We have to pay high attention to the direction of US stock market.

 
H4: Reversal at TMA ceiling, strong resistance level