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Euro/American dollar trading signal - EURUSD

Forex Market Price Signals and Analysis

Good Morning Traders,

With the close of January 06, Lift-Off confirms a LONG trading signal on EURUSD

The signal is formed following a retracement of the bullish movement of the last few weeks, forming a high volatility candle starting from the green band of Lift-Off.

The price could make a stretch toward a very important price zone, first support, then resistance at 1.08 USD

What Happened:

The U.S. employment data exceeded expectations, showing a drop in the unemployment rate and the creation of 223,000 new jobs. However, the November data were revised downward. The unemployment rate fell to 3.5 percent in December. The euro/dollar exchange rate rose about 0.2 percent.

Below chart of EURUSD - with the signal detected by Lift-Off

Signal chart of January 09, 2023

LONG - EURUSD

Input price: 1.0643 (current market price and valid any price that is not too far away)

Important: 

Please note that the chosen signal has been identified from those detected by the Lift-Off indicator, which you can view in the "Signals" section of our website. However, we will NOT provide any guidance on how to handle the trade.
We recommend that you handle the trades as shown during our professional courses on using the platform, available at the following link: https://it.largetrader.com/eventi