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Euro/American dollar trading signal - EURUSD
Forex Market Price Signals and Analysis
Good Morning Traders,
Today, October 06, Lift-Off offers a SHORT trading signal, on the major EUR/USD pair that was formed at the close of the day yesterday, October 5.
The better-than-expected September Non-Farm Payrolls (ADP) employment change data have given strength to the US Dollar again, bringing the Euro back down.
Watch out tomorrow for Non Farm Payrolls which could take the signal downside, but we follow the main trend.
Below chart of EURUSD - with the signal detected by Lift-Off
Signal Chart of October 06, 2022
SHORT- EUR/USD
Input price: 0.9827 USD
Stop Loss or adjustment zone: 1.0210 USD
Take profit zone: 0.9590 USD