Nonfarm payrolls rose by 390,000 after last week’s U.S. jobs data. However, the unemployment rate is not better than expected, resulting in the market’s stance on the US dollar is still in a bearish state.
At present, the falling wedge on the D1 chart is still in a broken state, which is conducive to pushing the price up. The trend can still be dominated by bullishness. And last Thursday’s chart formed the phenomenon of upward engulfing, which is conducive to the continued bearishness of the euro against the dollar. Ichimoku instructed that the encounter line successfully broke through the price and is now above the price.
The H1 chart forms an uptrend line, and the price touches below the trend line, which can be placed for long positions at the bottom. The double-line MA formed the golden cross trend, which is mainly bullish.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
