Important levels for EURUSD

EURUSD is at a key moment. After the NFP news on Friday, first we had an upside move but then a quick drop.

Now, we want to see a close outside of the 1,1864-1,1909 zone.

Once we have a close below this zone followed by a retest, then we can enter a short position.
You can look for a close below the previous low as an extra confirmation.

If we have a close above 1,1909 and then a retest, that means we could be looking at an upside continuation.

We're expecting a quiet day in the market today as it is a day off in USA.

Watch out for our daily posts to find out what happens after the breakout.