EURUSD Potential Forecast | 3rd March 2023

3 мар. 2023 г.

Fundamental Backdrop
1. US Unemployment Claims were better than previous from 192k to 190k.
2. Unemployment dropped which showed that the the labor-market is improving .
3. Still alot of mixed sentiments in the market due to the mixed results of US data releases.
4. All eyes will be on NFP next week to see if the strong result will continue.

Technical Confluences
1. Price is currently respecting the H1 area of support at 1.0576.
2. Will be looking for price to undergo a retracement to the H1 resistance at 1.0634.

Idea
Expecting price to continue heading down after tapping into the H1 level of resistance.






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